2024 (1) TMI 1290 - SCH - Insolvency and Bankruptcy

Approval of Resolution Plan - extent and the limitation of the judicial review by the Adjudicating Authority and the Appellate Tribunal in context of a Resolution Plan approved by the CoC with requisite majority - it was held by NCLAT that ' in the facts of the present case, all other parts of the Resolution Plan have not been found to infirm in any manner, there are no case for interfering with the order approving the Resolution Plan.' HELD THAT - There are no reason to interfere with the order of the NCLAT since no substantial question of law is involved in the appeal. Appeal dismissed.

Summary

Issues involved: Appeal against the order of the National Company Law Appellate Tribunal.

Summary:
The Supreme Court of India, comprising Hon'ble the Chief Justice, Hon'ble Mr. Justice J.B. Pardiwala, and Hon'ble Mr. Justice Manoj Misra, dismissed the appeal against the order of the National Company Law Appellate Tribunal dated 21 October 2022 in Company Appeal (AT)(Insolvency) No 752 of 2021. The Court found no substantial question of law involved in the appeal, leading to the dismissal of the appeal. Any pending application was also disposed of as a result of this judgment.