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The division bench of Justice Virendra Singh Bisht and a technical member Prabhat Kumar approved the plan in an oral order

As per sources SFIO has filed it's petition under section 140(5) of Companies Act

Notably, IDBI Bank appelaed to the NCLT in December last year claiming an amount of ₹149.60 crore

Besides, NCLT also ordered to keep the company as a going concern and ensure that no employee are retrenched

The order was pronounced by the Mumbai bench of the tribunal on Friday