NCLT Liquidation Order Overturned; 21 Days Excluded from Resolution Period, Saving 700 Jobs with COC's 71% Approval.

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....Initiation of liquidation of the CD by NCLT - appellants have made out a case of exclusion of 21 days for counting the period of 270 days - having received the opinion of COC and taking into consideration that the Resolution Plan has been approved with 71.029% of voting shares and that the 700 workmen of CD can be saved from retrenchment - set-aside the impugned order of NCLT....