NCLT Misstep: Resolution Plan Approval Wrongly Deferred for PUFE Applications Consideration in Insolvency Proceedings.

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....Approval of Resolution plan - Validity of order of NCLT issuing direction for consideration of PUFE Transaction Applications first and adjourning the Application for approval of Resolution Plan to be heard later - NCLT erred in observing that the consideration of Plan Approval Application has to be deferred and can be taken only after PUFE Applications are decided. - AT....