https://www.taxtmi.com/caselaws?id=781063 NCLAT held the SRA's resolution plan validly approved (treated as having required votes after re-voting and application of the approved tie-breaker), set aside the Adjudicating Authority's refusal to admit a relevant MCA email, and quashed findings that the SRA was ineligible under Section 29A. The Tribunal found no breach in acceptance of a third-party performance bank guarantee, no non-compliance with Regulation 38(3) as applicable, and that the net-worth eligibility was met. The impugned order of the Adjudicating Authority was declared unsustainable and was set aside; the appeal was disposed. en-us Fri, 07 Nov 2025 00:00:00 +0530 Tue, 11 Nov 2025 08:20:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781063 NCLAT held the SRA's resolution plan validly approved (treated as having required votes after re-voting and application of the approved tie-breaker), set aside the Adjudicating Authority's refusal to admit a relevant MCA email, and quashed findings that the SRA was ineligible under Section 29A. The Tribunal found no breach in acceptance of a third-party performance bank guarantee, no non-compliance with Regulation 38(3) as applicable, and that the net-worth eligibility was met. The impugned order of the Adjudicating Authority was declared unsustainable and was set aside; the appeal was disposed. Case-Laws IBC Fri, 07 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781063