NCLT Mumbai approves resolution plan by PRYM Solutions for Sovika Aviation Services under IBC.
Plan provides ₹4.94 crore payout with secured creditors receiving 9.25% of admitted claims.
PRYM Solutions to merge Sovika Aviation with its subsidiary and infuse ₹25 lakh working capital.
Order extinguishes all pre-CIRP claims not part of the plan under clean slate principle.