NexGen Laminators Resolution Plan Approved, Punjab Tax Claim Rejected

NCLT Chandigarh approves Rajesh Singla's Rs 27.2 crore resolution plan for NexGen Laminators, providing 20.14% recovery to financial creditors.
Tribunal rejects Punjab State Tax Department's belated Rs 66.19 lakh claim filed 9 months late after CoC approval.
Resolution plan includes Rs 23.76 crore for corporate debt and Rs 3.20 crore for personal guarantee release to banks.
Corporate Debtor classified as MSME with admitted claims of Rs 123.56 crore against liquidation value of Rs 20.17 crore.