Resolution Professional cannot question COC’s decision of Resolution Replacement: NCLAT

Resolution Professional cannot Question the Committee of CreditorsDecision of Resolution Replacement, rules NCLAT
NCLAT on Resolution Replacement - Committee of Creditors - National Company Law Appellate Tribunal - COC - NCLAT - TAXSCAN

The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench observed that the Resolution Professional cannot question the decision of the Committee of Creditors (COC’s) of resolution replacement. The appeal has been filed against the Order passed by National Company Law Tribunal, Jaipur Bench (“The Adjudicating Authority”) by which order the Adjudicating Authority has allowed…

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