Appellate Tribunal Orders Reassessment of Rejected Claims in Resolution Plan, Directs Adjudicating Authority to Resolve Pending Applications.

Claim of appellant rejected on the ground that Resolution Plan has been approved by the CoC - right to claim consideration of claim again in third round - NOIDA’s status and claims - The Appellate Tribunal found that with the Resolution Plan's resubmission, previously rejected claims should be considered anew, especially since they are no longer barred by an approved plan. - NCLAT issued the directions as: The Adjudicating Authority must dispose of pending applications before the resubmission of the Resolution Plan. The SRA must incorporate any directions resulting from these applications into the revised plan. The CoC is to reconsider the revised plan only after these inclusions. .....

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