Supreme Court Upholds Resolution Plan; Dismisses Appeal, Advises Appellants to Approach Successful Applicant Directly. The SC dismissed the appeal challenging the resolution plan approved by the Adjudicating Authority and affirmed by the NCLAT. The appellants, who were ...
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The SC dismissed the appeal challenging the resolution plan approved by the Adjudicating Authority and affirmed by the NCLAT. The appellants, who were unaware of the CIRP process, were advised to seek recourse by applying directly to the successful resolution applicant, thus upholding the resolution plan's validity.
The Supreme Court dismissed the appeal regarding a resolution plan approved by the Adjudicating Authority and confirmed by the NCLAT. The appellants were not aware of the CIRP process but can apply to the successful resolution applicant.
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