https://www.taxtmi.com/caselaws?id=780915 NCLAT upheld the Adjudicating Authority's rejection of the personal repayment plans, finding the tribunal properly exercised power under s.114(1) IBC after concluding the plans were not considered as group insolvency and the appellants failed to file the modified plans within the directed time. The court found no perversity in the record, and denial of revision under s.115 did not call for interference. Subsequent bankruptcy declarations of corporate guarantors rendered the challenge to the repayment-plan rejection practically moot. Appeal dismissed. en-us Wed, 29 Oct 2025 00:00:00 +0530 Sat, 08 Nov 2025 08:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780915 NCLAT upheld the Adjudicating Authority's rejection of the personal repayment plans, finding the tribunal properly exercised power under s.114(1) IBC after concluding the plans were not considered as group insolvency and the appellants failed to file the modified plans within the directed time. The court found no perversity in the record, and denial of revision under s.115 did not call for interference. Subsequent bankruptcy declarations of corporate guarantors rendered the challenge to the repayment-plan rejection practically moot. Appeal dismissed. Case-Laws IBC Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780915