NCLT approves Innopark resolution plan for Baron Infotech under CIRP

NCLT Hyderabad approved Innopark India Pvt Ltd's resolution plan for Baron Infotech under CIRP with 100 percent CoC voting. Admitted claims of Rs 2.46 crore to be paid in full. Total outlay about Rs 131.91 crore including Rs 9.38 crore fresh equity and Rs 79 crore debt. Creditors get 100 percent upfront payment. Public shareholders get equity worth Rs 44.65 lakh. Challenge by unsuccessful applicant Vivek Ratakonda dismissed with costs.