https://www.taxtmi.com/caselaws?id=751389 The NCLAT set aside the NCLT's order approving the Resolution Plan due to procedural violations, specifically the involvement of a Single Member contrary to Section 419(3) of the Companies Act 2013 and non-compliance with Section 30(2) of the Insolvency and Bankruptcy Code 2016. The matter was remanded to the NCLT for reconsideration. The SC declined to entertain the appeal at this stage, preserving the rights of all parties to present their case before the NCLT. The appeal was disposed of, allowing parties to approach the NCLT for further proceedings. All pending applications were resolved accordingly. en-us Mon, 18 Mar 2024 00:00:00 +0530 Tue, 16 Apr 2024 07:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751389 The NCLAT set aside the NCLT's order approving the Resolution Plan due to procedural violations, specifically the involvement of a Single Member contrary to Section 419(3) of the Companies Act 2013 and non-compliance with Section 30(2) of the Insolvency and Bankruptcy Code 2016. The matter was remanded to the NCLT for reconsideration. The SC declined to entertain the appeal at this stage, preserving the rights of all parties to present their case before the NCLT. The appeal was disposed of, allowing parties to approach the NCLT for further proceedings. All pending applications were resolved accordingly. Case-Laws Insolvency and Bankruptcy Mon, 18 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751389