A resolution plan for Central Departmental Stores Private Limited has been approved. The plan, submitted by Fincare Enterprises, is valued at Rs 7,42,77,830. This amount is significantly lower than the Rs 560 crore claims made by Central Bank of India, which were rejected during the resolution process. The approved plan includes upfront cash consideration and deferred consideration on a recovery basis.

Further details of the resolution plan are available, including the breakdown of the total value. The plan was approved by the National Company Law Tribunal.

The decision is part of the resolution process for Central Departmental Stores Private Limited, with more information available from the source.