The appellate tribunal upheld approval of a resolution plan, rejecting challenges by operational creditors. The ruling ...

NCLAT held that once a resolution plan is approved and implemented, later challenges by creditors cannot be entertained. The key takeaway is the finality of an implemented resolution ...

Mumbai, Dec 31: The National Company Law Tribunal (NCLT) has approved the resolution plan for Indian Refrigerator Company Limited, bringing it close to the conclusion of the corporate insolvency ...

New Delhi, The Committee of Creditors (CoC) cannot modify or alter a resolution plan for reallocation of funds of dissenting creditors, after it is approved, insolvency appellate tribunal NCLAT has ...

The insolvency appellate tribunal NCLAT has ruled that the Committee of Creditors (CoC) cannot modify an approved resolution plan to reallocate funds meant for dissenting financial creditors, ...