Resolution plan approved by CoC cannot be interfered by Adjudicating Authority

SREI Infrastructure Finance Limited Vs Gujarat Hydrocarbons And Power SEZ Limited (NCLT Delhi) NCLT Delhi held that resolution plan submitted by the Successful Resolution Applicant which was approved by CoC cannot be interfered by Adjudicating Authority. Adjudicating Authority is not empowered to analyse or evaluate commercial decision of CoC. Facts- The present application has been filed by Mr. Rakesh Kumar Agarwal, Resolution Professional of M/s. Gujarat Hydrocarbons and Power SEZ Limited (Corporate Debtor) on 11.09.2021 under the provisions of Sections 30(6) read with Section 31 of the Inso...