No Modification/Alteration can be Called under IBC after Approval of Resolution Plan of CoC and Before Approval by Adjudicating Authority: NCLAT [Read Order]

By Yogitha S. Yogesh - On June 23, 2023 6:00 pm - 3 mins read

No Modification - Alteration can be Called under IBC after Approval of Resolution Plan - Adjudicating Authority - NCLAT - TAXSCAN

The National Company Law Appellate Tribunal(NCLAT) has held that no modification/alteration can be called under the Insolvency and Bankruptcy Code (IBC), 2016 after approval of the resolution plan of the Committee of Creditors. (CoC) and before approval by adjudicating authority Dr Ravi Shankar Vedam, the appellant sought a forensic audit of the ‘Books of Accounts’…

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