Prabhat Technologies NCLT Insolvency Petition Closed

NCLT Mumbai closed Company Petition CP (IB) No. 1874 of 2019 after successful implementation of the resolution plan.
Resolution applicant paid unsecured financial creditors and relinquished rights to preferential equity share allotment.
The corporate debtor is released from all payment obligations and equity share allotment requirements under the plan.
No appeals or legal proceedings are pending against the resolution plan in any appellate authority or court.