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Insolvency and BankruptcyDecember 20, 2021Case LawsSC
Fresh consideration of resolution plan after a resolution approved by the CoC - Direction given by the NCLAT that Corporate Insolvency Resolution Process (CIRP) to be resumed from the stage of consideration of the Resolution Plans - The NCLAT has grossly erred in interfering with the decision of the CoC, which was duly approved by the NCLT - SC
Fresh consideration of resolution plan after a resolution approved by the CoC - Direction given by the NCLAT that Corporate Insolvency Resolution Process (CIRP) to be resumed from the stage of consideration of the Resolution Plans - The NCLAT has grossly erred in interfering with the decision of the CoC, which was duly approved by the NCLT - SC
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