Ambit of Adjudicating Authority After ‘Approval of Resolution Plan’, is Limited in Character: NCLAT dismisses Kotak Mahindra’s Appeal [Read Order]

Ambit of Adjudicating Authority - Adjudicating Authority - Approval of Resolution Plan - NCLAT dismisses Kotak Mahindra's Appeal - NCLAT - Kotak Mahindra - Taxscan

In the matter Kotak Mahindra Bank, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT ) dismissed the appeal and held that ambit of adjudicating authority after ‘approval of resolution plan’, is limited in character. The applicant who is aggrieved by its categorization as an ‘Unsecured Creditor’ had sufficient opportunity to challenge the…

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