https://www.taxtmi.com/caselaws?id=437537 SC upheld NCLAT's refusal to sanction the resolution plan but on modified grounds. The Court set aside NCLAT's adverse findings on valuation, publication technicalities (Form G) and alleged disqualification under s.164(2)(b), while approving findings that the applicant was ineligible under s.88 Trusts Act and conflicted under s.166(4) Companies Act, and that the final revised plan was not placed before the CoC. The matter is remitted to the CoC with directions to the RP to proceed from publication of Form G and invite fresh EOIs under the CIRP regulations; other procedural objections to the process were rejected. en-us Wed, 03 May 2023 00:00:00 +0530 Mon, 08 Sep 2025 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437537 SC upheld NCLAT's refusal to sanction the resolution plan but on modified grounds. The Court set aside NCLAT's adverse findings on valuation, publication technicalities (Form G) and alleged disqualification under s.164(2)(b), while approving findings that the applicant was ineligible under s.88 Trusts Act and conflicted under s.166(4) Companies Act, and that the final revised plan was not placed before the CoC. The matter is remitted to the CoC with directions to the RP to proceed from publication of Form G and invite fresh EOIs under the CIRP regulations; other procedural objections to the process were rejected. Case-Laws IBC Wed, 03 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437537