https://www.taxtmi.com/caselaws?id=776961 NCLAT affirmed the Tribunal's order dismissing the applicants' plea to modify the approved resolution plan. The appellate bench held the corporate debtor's CIRP was valid, the 188 NCD holders were properly represented through the trustee and fund manager, and the holders had received settlement payments approved by the HC. Having accepted settlement monies and given undertakings, they could not also claim amounts under the resolution plan. The HC rejected modification and the SC dismissed the SLP. The appeal was without merit and dismissed. en-us Wed, 20 Aug 2025 00:00:00 +0530 Fri, 22 Aug 2025 08:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776961 NCLAT affirmed the Tribunal's order dismissing the applicants' plea to modify the approved resolution plan. The appellate bench held the corporate debtor's CIRP was valid, the 188 NCD holders were properly represented through the trustee and fund manager, and the holders had received settlement payments approved by the HC. Having accepted settlement monies and given undertakings, they could not also claim amounts under the resolution plan. The HC rejected modification and the SC dismissed the SLP. The appeal was without merit and dismissed. Case-Laws IBC Wed, 20 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776961