https://www.taxtmi.com/caselaws?id=767397 NCLAT dismissed appeal challenging resolution plan approval for tea garden corporate debtor. Court held appellant lacked locus standi as only stakeholders with direct interest in CIRP can challenge resolution plans. Successful resolution applicant (SRA) permitted to pursue lease renewals as successor to corporate debtor, but adjudicating authority expressed no opinion on renewal merits, which remains within state government's domain. Court clarified SRA's right limited to pursuing renewal applications without prejudicing state's decision-making authority over lease grants. en-us Wed, 05 Mar 2025 00:00:00 +0530 Tue, 18 Mar 2025 08:35:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767397 NCLAT dismissed appeal challenging resolution plan approval for tea garden corporate debtor. Court held appellant lacked locus standi as only stakeholders with direct interest in CIRP can challenge resolution plans. Successful resolution applicant (SRA) permitted to pursue lease renewals as successor to corporate debtor, but adjudicating authority expressed no opinion on renewal merits, which remains within state government's domain. Court clarified SRA's right limited to pursuing renewal applications without prejudicing state's decision-making authority over lease grants. Case-Laws IBC Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767397