Habeas corpus challenge to arrest safeguards remains maintainable, but substantial compliance with reasons-to-believe requirement defeats the petition...
Insolvency and BankruptcyFebruary 12, 2024Case LawsAT
Filing of new claim after Resolution Plan is approved - The NCLAT rejected the appeal by holding that, No claim having been filed till the approval of the Resolution Plan, no relief can be granted to the Appellants in the present Appeal. The impugned order passed by the Adjudicating Authority has already been upheld. - Despite dismissing the appeal, the Tribunal observes that the Appellants can approach the Successful Resolution Applicant with details of payments made to the Corporate Debtor.
Filing of new claim after Resolution Plan is approved - The NCLAT rejected the appeal by holding that, No claim having been filed till the approval of the Resolution Plan, no relief can be granted to the Appellants in the present Appeal. The impugned order passed by the Adjudicating Authority has already been upheld. - Despite dismissing the appeal, the Tribunal observes that the Appellants can approach the Successful Resolution Applicant with details of payments made to the Corporate Debtor.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
