Supreme Court dismisses appeals on Resolution Plan approval, directs NCLAT for decision. The Supreme Court dismissed the appeals and disposed of any pending applications related to the approval of a Resolution Plan by the Committee of ...
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.
Supreme Court dismisses appeals on Resolution Plan approval, directs NCLAT for decision.
The Supreme Court dismissed the appeals and disposed of any pending applications related to the approval of a Resolution Plan by the Committee of Creditors and the adjudicating authority. The NCLAT was directed to decide the appeals on the next hearing date scheduled for 07.09.2021.
Issues: Approval of Resolution Plan by Committee of Creditors and adjudicating authority, Stay order by NCLAT, Dismissal of appeals
Analysis: The Supreme Court heard the matter where the appellant had submitted a Resolution Plan approved by the Committee of Creditors and the adjudicating authority. However, the NCLAT had stayed the order passed by the NCLT and directed the appeals to be listed for a future hearing date. The Supreme Court clarified that they did not intend to express any opinion on the merits of the appeals. Ultimately, the appeals were dismissed, and any pending applications were disposed of. The NCLAT was directed to decide the appeals on the next date of hearing, which was set for 07.09.2021.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
