NCLT Approves Savitri Devi Choudhary Repayment Plan

NCLT condones 116-day delay in filing application for personal guarantor's insolvency resolution process.
Tribunal approves ₹3.7 crore revised repayment plan for Mrs. Savitri Devi Choudhary, personal guarantor to Narayani Steels.
Creditors including SBI (49.76%), ICICI Bank (19.06%), and Tata Capital (31.18%) approved the repayment plan via e-voting.
Plan includes ₹25 lakh for resolution costs, ₹3 lakh monitoring fee, and settlement to secured and unsecured financial creditors.