Adjudicating Authority not empowered to modify conditions in resolution plan

Mathuraprasad C Pandey Vs Partiv Parikh (NCLAT Delhi)

NCLAT Delhi held that as per provisions of section 31 of Insolvency & Bankruptcy Code, 2016, Adjudicating Authority is empowered to either accept or reject the resolution plan. Adjudicating Authority is not empowered to modify/ alter the conditions in the resolution plan.Please become a Premium member. If you are already a Premium member, login here to access the full content.