NCLT Approves Resolution Plan for Dion Global Solutions Ltd

The National Company Law Tribunal (NCLT), New Delhi Bench, has approved the Resolution Plan submitted by Indus Intellirisk and Intellisense Services Private Limited for Dion Global Solutions Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated on August 18, 2020, with Pardeep Kumar Lakhani appointed as the Interim Resolution Professional, later confirmed as Resolution Professional. The Resolution Plan was approved by the Committee of Creditors with 100% voting share on April 26, 2021. This approval by the NCLT under Section 31 of the IBC marks a significant step in the resolution of the corporate debtor.