https://www.taxtmi.com/highlights?id=67170 Approval of resolution plan with modification - Power of NCLT to modify the plan - Section 31 of the IBC - It is clear that mandate of legislation is either to approve the resolution plan or to reject. However, there is no provision for making alteration or modification in the resolution plan. - the learned Adjudicating Authority to some extent exceeded its jurisdiction in modifying/altering the conditions in the resolution plan - AT en-us Sat, 17 Dec 2022 12:00:03 +0530 Sat, 17 Dec 2022 12:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67170 Approval of resolution plan with modification - Power of NCLT to modify the plan - Section 31 of the IBC - It is clear that mandate of legislation is either to approve the resolution plan or to reject. However, there is no provision for making alteration or modification in the resolution plan. - the learned Adjudicating Authority to some extent exceeded its jurisdiction in modifying/altering the conditions in the resolution plan - AT Highlights Insolvency and Bankruptcy Sat, 17 Dec 2022 12:00:03 +0530 https://www.taxtmi.com/highlights?id=67170