https://www.taxtmi.com/caselaws?id=776149 The NCLAT set aside the rejection of the application seeking approval of the Resolution Plan, holding that the appellant was not disqualified under Section 29A of the IBC. The tribunal found no credible evidence that the appellant's companies were non-compliant or that the appellant was a disqualified director. Allegations under clauses (c) to (e) and (j) of Section 29A were rejected. The respondent was found to have misled the Adjudicating Authority and lacked credibility. The Resolution Plan had been approved by the CoC with 100% voting share. The matter was remanded to the NCLT to hear the approval of the plan on merits. The appeal was allowed. en-us Fri, 01 Aug 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776149 The NCLAT set aside the rejection of the application seeking approval of the Resolution Plan, holding that the appellant was not disqualified under Section 29A of the IBC. The tribunal found no credible evidence that the appellant's companies were non-compliant or that the appellant was a disqualified director. Allegations under clauses (c) to (e) and (j) of Section 29A were rejected. The respondent was found to have misled the Adjudicating Authority and lacked credibility. The Resolution Plan had been approved by the CoC with 100% voting share. The matter was remanded to the NCLT to hear the approval of the plan on merits. The appeal was allowed. Case-Laws IBC Fri, 01 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776149