https://www.taxtmi.com/caselaws?id=293867 The Appellant, NBCC (India) Ltd., challenged modifications made by the Adjudicating Authority in the Resolution Plan approved by the Committee of Creditors, arguing that the Authority exceeded its jurisdiction. Notice was issued to Respondents for further proceedings. ICICI Bank Ltd., the Interim Resolution Professional, and IDBI Bank accepted notice for filing reply affidavits. Implementation of the Successful Resolution Plan involved NBCC (India) Ltd. and major Institutional Financial Creditors, with an Interim Monitoring Committee overseeing execution. Directions were given for the Resolution Professional's payment and outstanding fees, to be determined by the Committee of Creditors until the Appeal's disposal. en-us Wed, 22 Apr 2020 00:00:00 +0530 Sat, 06 Mar 2021 09:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293867 The Appellant, NBCC (India) Ltd., challenged modifications made by the Adjudicating Authority in the Resolution Plan approved by the Committee of Creditors, arguing that the Authority exceeded its jurisdiction. Notice was issued to Respondents for further proceedings. ICICI Bank Ltd., the Interim Resolution Professional, and IDBI Bank accepted notice for filing reply affidavits. Implementation of the Successful Resolution Plan involved NBCC (India) Ltd. and major Institutional Financial Creditors, with an Interim Monitoring Committee overseeing execution. Directions were given for the Resolution Professional's payment and outstanding fees, to be determined by the Committee of Creditors until the Appeal's disposal. Case-Laws Insolvency and Bankruptcy Wed, 22 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293867