Tribunal lacks authority to modify resolution plan, dismisses applications for clarification. The Tribunal dismissed applications for clarification/modification and re-valuation of a resolution plan, stating it lacked competence to adjudicate on ...
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tribunal lacks authority to modify resolution plan, dismisses applications for clarification.
The Tribunal dismissed applications for clarification/modification and re-valuation of a resolution plan, stating it lacked competence to adjudicate on the matters.
The Tribunal dismissed an application seeking clarification/modification of a resolution plan approved by the Committee of Creditors, stating it is not competent for the NCLT Adjudicating Authority. Another application for re-valuation of a Resolution Plan was also dismissed as no grounds were found to consider the request.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.