NCLT Approves Resolution Plan for Zicom Electronic Security Systems Ltd

The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the resolution plan submitted by Advaita Trading Private Limited for Zicom Electronic Security Systems Limited. This approval comes after an Interlocutory Application (IA) filed by Central Bank of India, a member of the Committee of Creditors (CoC). The application sought to reconsider the distribution mechanism within the resolution plan, specifically concerning the distribution to dissenting financial creditors and the applicant's security interest. The NCLT's order on September 24, 2026, signifies a crucial step in the insolvency process of Zicom Electronic Security Systems.