2020 (10) TMI 1372 - SCH - Insolvency and Bankruptcy

Approval of Resolution Plan - Prior permission of the CCI was not obtained under Proviso to Section 31(4) of I B Code - It was held by NCLAT that the Adjudicating Authority was conscious of CCI approval and hence, ignoring the fact that CCI approval has been obtained post CoC approval of the Resolution Plan is in order. HELD THAT - There are no reason to interfere with the impugned order since no substantial question of law is involved in the appeal. The Civil Appeal is accordingly dismissed.

Summary

The Supreme Court of India dismissed the Civil Appeal as no substantial question of law was found, and there was no reason to interfere with the impugned order. Pending applications were disposed of.