NCLT clears path for Sanco Industries resolution plan approval

NCLT dismissed shareholder Sanjay Gupta's objections to Sanco Industries' resolution plan by Mrs. Priti Jain, which proposes Rs 816.79 lakh payment over 90 days and a reverse merger with Carewell Exim Pvt Ltd. Plan was approved by CoC with 100 percent votes. Allegations of money laundering against the SRA's relatives were rejected as no bar under Section 29A.