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        Case ID :
        Insolvency and Bankruptcy

        The Appellate Tribunal dismissed the appeal, holding that there...

        Corporate insolvency case resolved: CoC's approved resolution plan upheld despite delay.

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                          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.
                                The Appellate Tribunal dismissed the appeal, holding that there was no infirmity in the Adjudicating Authority's order rejecting the application to set aside the resolution of the Committee of Creditors (CoC) approving the Resolution Plan. The Appellant had previously challenged the same Resolution Plan in a separate application, which was dismissed by the NCLT and affirmed up to the Supreme Court. The Adjudicating Authority had rightly concluded that by allowing the 30-day extension and excluding the period of pendency of the Resolution Professional's application for seeking extension, the approval of the Resolution Plan by the CoC after the expiry of the CIRP period was valid.
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