https://www.taxtmi.com/caselaws?id=398053 The Supreme Court reinstated the National Company Law Tribunal's approval of the Resolution Plan, setting aside the National Company Law Appellate Tribunal's order. The Court held that the interference by the NCLAT on various grounds, including viability of the plan, breach of confidentiality, ownership of assets, and validity of the advertisement, was unjustified and lacked factual and legal basis. The appeals were allowed, and the NCLT's decision was restored without costs. en-us Fri, 04 Sep 2020 00:00:00 +0530 Tue, 05 Jul 2022 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398053 The Supreme Court reinstated the National Company Law Tribunal's approval of the Resolution Plan, setting aside the National Company Law Appellate Tribunal's order. The Court held that the interference by the NCLAT on various grounds, including viability of the plan, breach of confidentiality, ownership of assets, and validity of the advertisement, was unjustified and lacked factual and legal basis. The appeals were allowed, and the NCLT's decision was restored without costs. Case-Laws Insolvency and Bankruptcy Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398053