https://www.taxtmi.com/caselaws?id=309464 The High Court dismissed the writ petitions challenging the NCLT order approving the Resolution Plan in a Corporate Insolvency Resolution Process. The court held that the petitioners should have pursued the appeal remedy under the Insolvency and Bankruptcy Code instead of seeking intervention through Article 226. Emphasizing the self-contained nature of the Code's appellate process, the court concluded that writ petitions against NCLT orders were not maintainable, aligning with legal precedents and the Code's objective. en-us Fri, 02 Jul 2021 00:00:00 +0530 Mon, 04 Sep 2023 21:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309464 The High Court dismissed the writ petitions challenging the NCLT order approving the Resolution Plan in a Corporate Insolvency Resolution Process. The court held that the petitioners should have pursued the appeal remedy under the Insolvency and Bankruptcy Code instead of seeking intervention through Article 226. Emphasizing the self-contained nature of the Code's appellate process, the court concluded that writ petitions against NCLT orders were not maintainable, aligning with legal precedents and the Code's objective. Case-Laws Insolvency and Bankruptcy Fri, 02 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309464