Supreme Court Overrules NCLAT, Restores NCLT Order on Resolution Plans; Stresses Correct Procedures in Insolvency Cases.

Viability and feasibility of Resolution Plan - NCLAT remitted /remanded back the matter to the NCLT with a direction to have the Resolution Plan resubmitted before the Committee of Creditors - the NCLAT was wrong in its approach - The impugned order of NCLAT is flawed and hence, liable to be set aside - Order of NCLT restored - SC .....

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