https://www.taxtmi.com/caselaws?id=780914 NCLAT (Ch) quashed the impugned order passed under Section 123 IBC and allowed the appeals, holding that non-submission of a repayment plan led to proceedings under Section 114 read with IBBI Regulations 20 & 22 but did not bar reinstatement. Appellants were granted liberty to file repayment plans under Section 106 IBC subject to conditions set in related appeals. The financial creditor's applications under Section 123 were directed to be withdrawn with rights reserved for future recourse under the IBC, contingent on any extension and subsequent consideration of a repayment plan. en-us Wed, 15 Oct 2025 00:00:00 +0530 Sat, 08 Nov 2025 08:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780914 NCLAT (Ch) quashed the impugned order passed under Section 123 IBC and allowed the appeals, holding that non-submission of a repayment plan led to proceedings under Section 114 read with IBBI Regulations 20 & 22 but did not bar reinstatement. Appellants were granted liberty to file repayment plans under Section 106 IBC subject to conditions set in related appeals. The financial creditor's applications under Section 123 were directed to be withdrawn with rights reserved for future recourse under the IBC, contingent on any extension and subsequent consideration of a repayment plan. Case-Laws IBC Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780914