M/s Techno Forge Ltd. is the corporate debtor.

The CoC consisted of two financial creditors: Bank of India (89.11% voting share) and another respondent (10.89% voting share).

The corporate debtor was registered as an MSME.

The resolution plan included a term relating to the exoneration of personal guarantors, which was opposed by Bank of India but overruled by the majority vote.

The Adjudicating Authority inserted a paragraph in the resolution plan, requiring 5% equity to be set aside for the public, which was not part of the plan approved by the CoC.

The appellants and the second respondent resolved the issue of personal guarantors amicably and filed an affidavit to that effect.

M/s Techno Forge Ltd. is the corporate debtor.

The CoC consisted of two financial creditors: Bank of India (89.11% voting share) and another respondent (10.89% voting share).

The corporate debtor was registered as an MSME.

The resolution plan included a term relating to the exoneration of personal guarantors, which was opposed by Bank of India but overruled by the majority vote.

The Adjudicating Authority inserted a paragraph in the resolution plan, requiring 5% equity to be set aside for the public, which was not part of the plan approved by the CoC.

The appellants and the second respondent resolved the issue of personal guarantors amicably and filed an affidavit to that effect.