https://www.taxtmi.com/caselaws?id=457157 An interlocutory application seeking a stay of approval of a resolution plan became infructuous once the plan had already been approved, because interim relief could no longer be effectively granted. The NCLAT upheld the Adjudicating Authority's dismissal of the application on that factual and temporal basis, finding no legal flaw in treating the relief sought as moot after the intervening approval. The appeal was dismissed for lack of merit. en-us Thu, 11 Nov 2021 00:00:00 +0530 Sat, 07 Sep 2024 21:45:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457157 An interlocutory application seeking a stay of approval of a resolution plan became infructuous once the plan had already been approved, because interim relief could no longer be effectively granted. The NCLAT upheld the Adjudicating Authority's dismissal of the application on that factual and temporal basis, finding no legal flaw in treating the relief sought as moot after the intervening approval. The appeal was dismissed for lack of merit. Case-Laws IBC Thu, 11 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457157