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        Case ID :
        IBC

        NCLAT allowed the appeal, set aside the impugned AA order and...

        Appeal allows resolution plan; Section 30(4) approvals upheld, Section 29A clauses (c)(e)(g)(i)(j) unsustainable; Reg 36B(4A) compliant

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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.
                                NCLAT allowed the appeal, set aside the impugned AA order and upheld approval of the resolution plan submitted by the Successful Resolution Applicant, holding it received the requisite approvals under Section 30(4). The Tribunal directed admission of the additional MCA email into the record, found the AA's disqualification findings under Section 29A clauses (c), (e), (g), (i) and (j) to be unsustainable, and held the SRA eligible. The Tribunal held the third-party deposit of the Performance Bank Guarantee did not contravene Regulation 36B(4A), found Regulation 38(3) inapplicable as relied upon, and concluded net-worth criteria under the RFRP were satisfied. The appeal was disposed and the AA order dated 22.07.2025 set aside.
                                Note: It is a system-generated summary and is for quick reference only.
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