NCLT Kolkata approves pre-packaged insolvency resolution plan for Ramdurlabhpur Tea Co Ltd with consortium investors.
Plan provides Rs 14.93 crore payout to creditors, approved by 100% CoC vote with Rs 20 lakh performance security.
Corporate debtor's fair value assessed at Rs 7.86 crore, liquidation value at Rs 5.68 crore by appointed valuers.
Resolution involves complete dilution of promoter shareholding and extinguishment of existing share capital.