Claim After 738 Days Of Delay and Post Approval of Resolution Plan: NCLAT Upholds Rejection of Claim by Kotak Mahindra Bank [Read Order]

The NCLAT upheld the Order rejecting the claim of Kotak Mahindra Bank

By Yogitha S. Yogesh - On February 8, 2024 4:05 pm - 2 mins read

NCLAT - NCLAT decision - Kotak Mahindra Bank - taxscan

The Principal Bench of the National Company Law Appellate Tribunal Principal ( NCLAT ) upheld the order of the National Company Law Tribunal( NCLT ) which rejected the claim of Kotak Mahindra Bank against an approved resolution plan wherein the claim was made after 738 days of delay. Kotak Mahindra Bank Ltd, the appellant challenged…

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