https://www.taxtmi.com/caselaws?id=757576 NCLAT dismissed an appeal challenging a resolution plan approved by the Committee of Creditors (CoC) after the Corporate Insolvency Resolution Process (CIRP) period expired. The appellant had previously unsuccessfully challenged the same CoC resolution dated 27.07.2023 through another application, which was rejected by NCLT and affirmed by SC. NCLAT held that the appellant cannot re-challenge the same decision through a subsequent application. The adjudicating authority properly considered the extension period and excluded the pendency period of the resolution professional's application for extension, finding no infirmity in rejecting the fresh challenge. en-us Wed, 28 Aug 2024 00:00:00 +0530 Wed, 28 Aug 2024 18:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757576 NCLAT dismissed an appeal challenging a resolution plan approved by the Committee of Creditors (CoC) after the Corporate Insolvency Resolution Process (CIRP) period expired. The appellant had previously unsuccessfully challenged the same CoC resolution dated 27.07.2023 through another application, which was rejected by NCLT and affirmed by SC. NCLAT held that the appellant cannot re-challenge the same decision through a subsequent application. The adjudicating authority properly considered the extension period and excluded the pendency period of the resolution professional's application for extension, finding no infirmity in rejecting the fresh challenge. Case-Laws Insolvency and Bankruptcy Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757576