2019 (7) TMI 1664 - Tri - Insolvency and Bankruptcy

Clarification/ modification of the resolution plan - HELD THAT - No such modification is competent by the NCLT Adjudicating Authority. Even otherwise no one has put in appearance in support of the application. The application is wholly misconceived and the same is dismissed.

Summary

The Tribunal dismissed an application seeking clarification/modification of a resolution plan approved by the Committee of Creditors, stating it is not competent for the NCLT Adjudicating Authority. Another application for re-valuation of a Resolution Plan was also dismissed as no grounds were found to consider the request.