2019 (4) TMI 2061 - SCH - Companies Law

Approval of the Resolution Plan - it was held by NCLAT that If no amount is given to the promoters/ shareholders and the other equity shareholders who are not the promoters have been separately treated by providing certain amount in their favour, the Appellant cannot claim to have been discriminated. HELD THAT - There are no reason to interfere with the impugned judgment passed by the National Company Law Appellate Tribunal, New Delhi - appeal dismissed.

Summary

The Supreme Court upheld the judgment of the National Company Law Appellate Tribunal in Company Appeal(AT)(Insolvency) No.164 of 2018. The appeal was dismissed, but the appellants can present their arguments before the Debt Recovery Tribunal for consideration.