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Legal15 Jul 2026, 03:53 pm

Jatalia Global Ventures: NCLT Approves Resolution Plan

AI Summary

Jatalia Global Ventures Limited's resolution plan has been approved by the Hon'ble National Company Law Tribunal (NCLT) Bench II, as per an order dated July 9, 2026. The certified copy of this order was obtained by the Resolution Professional on July 13, 2026. The approved plan was submitted by M/s. Norfolk Technology Services Limited. The Corporate Insolvency Resolution Process (CIRP) for Jatalia Global Ventures commenced on March 7, 2024, with Mohd Nazim Khan appointed as Resolution Professional on June 4, 2024. The Committee of Creditors had previously approved the resolution plan with a 100% voting share on November 11, 2024. This approval marks a significant step towards the resolution of the company's insolvency proceedings.

Key Highlights

  • NCLT approves Jatalia Global Ventures' resolution plan.
  • Norfolk Technology Services Limited is the approved resolution applicant.
  • CIRP commenced in March 2024, with RP appointed in June 2024.
  • Creditors approved the plan with 100% voting share.
  • This is a significant development in the company's insolvency process.