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    <title>2020 (8) TMI 897 - NATIONAL COMPANY LAW TRIBUNAL PRINCIPAL BENCH</title>
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    <description>The Tribunal approved the Resolution Plan submitted by M/s. Gautam Builders in consortium with Rapid Contracts Pvt. Ltd. for M/S. JNC Constructions Private Limited, ensuring compliance with the Insolvency and Bankruptcy Code, 2016. The plan addressed objections and applications for withdrawal, detailed payment terms for different creditors, and established provisions for plan implementation and monitoring. The Resolution Professional was directed to provide records to the Insolvency and Bankruptcy Board of India, and the Resolution Applicant was instructed to comply with all laws and obtain necessary approvals within one year.</description>
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