Appeal against approved resolution plan limited to statutory grounds including legality, material irregularity, and priority for creditors. Appeals from orders approving a resolution plan are limited to specified statutory grounds: contravention of applicable law; material irregularity by the resolution professional during the resolution period; failure to provide for operational creditors as prescribed by the Board; failure to provide insolvency resolution process costs with priority repayment; or non compliance with other criteria set by the Board.
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.
Appeal against approved resolution plan limited to statutory grounds including legality, material irregularity, and priority for creditors.
Appeals from orders approving a resolution plan are limited to specified statutory grounds: contravention of applicable law; material irregularity by the resolution professional during the resolution period; failure to provide for operational creditors as prescribed by the Board; failure to provide insolvency resolution process costs with priority repayment; or non compliance with other criteria set by the Board.
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