No Bar on CoC’s from Seeking Multiple Modifications or Revisions of Resolution Plans: NCLAT [Read Order]

The CoC may request changes or engage in negotiations with resolution applicants more than once.

By Yogitha S. Yogesh - On April 10, 2025 11:18 am - 2 mins read

No Bar - CoC - Seeking Multiple Modifications - Revisions - Resolution Plans - NCLAT - Taxscan

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has ruled that the Committee of Creditors (CoC) has the authority to request changes or revisions to the Resolution Plans that the Resolution Applicants have submitted on more than one occasion. This is because Regulation 39(1A) of the Corporate Insolvency Resolution Process (CIRP) Regulations, 2016…

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