https://www.taxtmi.com/caselaws?id=753226 The NCLAT dismissed an appeal challenging the approval of a resolution plan. The appellant argued their email dated 05.06.2023 was not considered while another party's documents were accepted, and challenged the issuance of a second EOI. The NCLAT held that records showed the decision excluded the appellant's submission, finding no substance in the claim. Regarding the second EOI challenge, the court noted the appellant participated in the fresh process after the CoC invited new EOI due to plan values being below liquidation value, and the appellant failed to challenge the second EOI issuance when it occurred. The appeal was dismissed with no errors found in the impugned order. en-us Mon, 27 May 2024 00:00:00 +0530 Tue, 28 May 2024 21:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753226 The NCLAT dismissed an appeal challenging the approval of a resolution plan. The appellant argued their email dated 05.06.2023 was not considered while another party's documents were accepted, and challenged the issuance of a second EOI. The NCLAT held that records showed the decision excluded the appellant's submission, finding no substance in the claim. Regarding the second EOI challenge, the court noted the appellant participated in the fresh process after the CoC invited new EOI due to plan values being below liquidation value, and the appellant failed to challenge the second EOI issuance when it occurred. The appeal was dismissed with no errors found in the impugned order. Case-Laws Insolvency and Bankruptcy Mon, 27 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753226