NCLAT allows Opportunity to Object Resolution Plan Granted

UTI Employees Sai Samruddhi Cooperative Housing Society Vs PNB Housing Finance Ltd. & Ors. (NCLAT Delhi) In a recent ruling by the National Company Law Appellate Tribunal (NCLAT) Delhi in the case of UTI Employees Sai Samruddhi Cooperative Housing Society Vs PNB Housing Finance Ltd. & Ors., the court underlined the importance of considering objections from stakeholders in the approval of resolution plans. The tribunal ordered that the appellant should be given an opportunity to raise objections to the resolution plan. The case revolved around three appeals filed by the same appellant, ...