The High Court held that the order passed by NCLT approving the ...

NCLT's Resolution Plan approval order appealable within 45 days; Respondents can't challenge approved plan after delay.

December 19, 2024

Case Laws IBC HC

The High Court held that the order passed by NCLT approving the Resolution Plan u/s 31(1) of the Insolvency and Bankruptcy Code, 2016 is an appealable order u/s 61, with a limitation period of 30 days + 15 days to file an appeal before NCLAT. As the respondents failed to challenge the NCLT order within the prescribed time, they cannot take a stand contrary to the approved Resolution Plan. Consequently, the writ petition was allowed.

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The High Court held that the order passed by NCLT approving the ...

NCLT's Resolution Plan approval order appealable within 45 days; Respondents can't challenge approved plan after delay.

December 19, 2024

Case Laws IBC HC

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