2018 (8) TMI 1956

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... vt. Ltd., Royal Construction Versus Vedanta Ltd., Electrosteel Steels Ltd. & Ors.
Insolvency and Bankruptcy
2018 (8) TMI 1956 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI - TMI
NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI - AT
Dated:- 20-8-2018
Company Appeal (AT) (Insolvency) No. 265 of 2018, 402 of 2018, 414 of 2018, 418 of 2018, 419 of 2018, 421 of 2018, 422 of 2018 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... erred by the 'Operational Creditors' with the grievance that the 'Resolution Plan' submitted by the 'resolution applicant' has not taken proper care of the 'Operational Creditors'. Learned counsel for the appellants submitted that the minimum amount prescribed under Section 30(2)(b) of the I&B Code does not mean that the liquidation value is to be provided to the 'Operational Creditors'. It is al .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lready been dealt with by this Appellate Tribunal in its judgment dated 10th August, 2018 passed in "Company Appeal (AT)(Insolvency) No. 175 of 2018 and connected appeals". The approval of 'Resolution Plan' submitted by 'Vedanta Ltd.', which was approved by the 'Committee of Creditors', followed by the Adjudicating Authority has been upheld by this Appellate Tribunal. The 'Resolution Plan' having .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X