https://www.taxtmi.com/caselaws?id=448765 The NCLAT held that an appellant who participated in the CIRP process by submitting offers and negotiating with the CoC and RP cannot be denied locus to object to approval of another party's resolution plan. The Adjudicating Authority's contradiction in examining the appellant's objections on merits while simultaneously denying locus was noted. The appellant's participation, including revised offers and negotiations, established their standing to challenge the approval process. The appeal was disposed of, recognizing the appellant's right to raise objections despite the CoC's approval of the respondent's offer. en-us Wed, 24 Jan 2024 00:00:00 +0530 Mon, 29 Jan 2024 19:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448765 The NCLAT held that an appellant who participated in the CIRP process by submitting offers and negotiating with the CoC and RP cannot be denied locus to object to approval of another party's resolution plan. The Adjudicating Authority's contradiction in examining the appellant's objections on merits while simultaneously denying locus was noted. The appellant's participation, including revised offers and negotiations, established their standing to challenge the approval process. The appeal was disposed of, recognizing the appellant's right to raise objections despite the CoC's approval of the respondent's offer. Case-Laws Insolvency and Bankruptcy Wed, 24 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448765