2024 (11) TMI 842 - SCH - IBC

Maintainability of appeal - Approval of resolution plan - HELD THAT - The appellants have preferred an appeal before the NCLAT on the ground that they were not aware about the Corporate Insolvency Resolution Process (CIRP). Therefore, the NCLAT is right in not entertaining the appeal. Appeal dismissed.

Summary

The Supreme Court dismissed the appeal regarding a resolution plan approved by the Adjudicating Authority and confirmed by the NCLAT. The appellants were not aware of the CIRP process but can apply to the successful resolution applicant.