https://www.taxtmi.com/caselaws?id=464869 NCLAT upheld the order of NCLT rejecting the challenge to the voting shares of certain financial creditors in the CIRP of the corporate debtor. It held that under Section 60(5) IBC, NCLT can entertain applications relating to the corporate debtor but has no jurisdiction to re-determine or re-collate claims already decided by the Resolution Professional, whose decision is judicial/quasi-judicial. Noting that the CoC had already approved the resolution plan and CIRP period had concluded, the Tribunal found no infirmity in dismissal of the applications. Appeal dismissed. en-us Fri, 24 Jan 2020 00:00:00 +0530 Wed, 19 Nov 2025 20:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464869 NCLAT upheld the order of NCLT rejecting the challenge to the voting shares of certain financial creditors in the CIRP of the corporate debtor. It held that under Section 60(5) IBC, NCLT can entertain applications relating to the corporate debtor but has no jurisdiction to re-determine or re-collate claims already decided by the Resolution Professional, whose decision is judicial/quasi-judicial. Noting that the CoC had already approved the resolution plan and CIRP period had concluded, the Tribunal found no infirmity in dismissal of the applications. Appeal dismissed. Case-Laws IBC Fri, 24 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464869