2023 (3) TMI 1555

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....02.2023 passed by the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi read as under: 19. For all the foregoing reasons, we are of the considered view that there is no illegality in the Order of the ˜Approval of the Resolution Plan' by the Adjudicating Authority and we do not see any reason to set aside the Resolution Plan per se except for observing t....

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.... the Resolution Plan, as approved, is binding on all and cannot be made subject matter of arbitration or any other proceedings. The claim of respondent no. 1 - Shapoorji Pallonji and Co. Pvt. Ltd. has been categorized by the Resolution Professional as a ˜contingent liability'. Respondent no. 1 - -Shapoorji Pallonji and Co. Pvt. Ltd. may continue with the arbitration proceedings for ....