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NCLT accepts resolution plan submitted by JSW in Bhushan Steel case

November 4, 2019[2019] 111 15 (NCLT - New Delhi)

IBC : Where Resolution Professional filed application under section 30 for accepting resolution plan approved by Committee of Creditors submitted by JSW who was regarded as 'H1 Resolution Applicant', application was to be allowed and resolution plan of JSW-H1 was to be accepted subject to condition that amount due to operational creditors under resolution plan must be paid in accordance with amended section 30(2)

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