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Non‑submission of final Resolution Plan bars challenge: NCLAT upholds CIRP and approved plan [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has upheld the approval of the resolution plan , rejecting the...

Non‑submission of final Resolution Plan bars challenge: NCLAT upholds CIRP and approved plan [Read Order]
The Tribunal held that failure to submit a final resolution plan or participate in the challenge mechanism disentitles an applicant from questioning the eligibility of the successful resolution applicant. The judgment reinforces the primacy of the Committee of Creditors’ (CoC) commercial wisdom and the limited scope of judicial interference under the Insolvency and Bankruptcy Code (IBC).

Non‑submission of final Resolution Plan bars challenge: NCLAT upholds CIRP and approved plan [Read Order]
The Tribunal held that failure to submit a final resolution plan or participate in the challenge mechanism disentitles an applicant from questioning the eligibility of the successful resolution applicant. The judgment reinforces the primacy of the Committee of Creditors’ (CoC) commercial wisdom and the limited scope of judicial interference under the Insolvency and Bankruptcy Code (IBC).













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