2023 (11) TMI 1213 - SCH - Insolvency and Bankruptcy

Locus Standi of shareholder of the Corporate Debtor to challenge the Resolution Plan - Seeking for forensic audit of the Books of Accounts of the Corporate Debtor, and not to approve the Resolution Plan till the disposal of the Application - CIRP proceedings (proceedings in rem) - it was held by NCLAT that This Tribunal finds no infirmity in the Order of the Learned Adjudicating Authority in the Approval of the Plan or in the rejection of application - HELD THAT - There are no good ground and reason to interfere with the impugned judgment(s) and hence, the present appeals are dismissed.

Summary

The Supreme Court of India in Citation: 2023 (11) TMI 1213 - SC Order, dismissed the appeals as no good ground was found to interfere with the impugned judgment(s). Delay was condoned and pending applications were disposed of.