2023 (3) TMI 1555

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....y 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 that the RP ought not to have made a ˜C....

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....l 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 adjudication of its claim and quantification thereo....