NCLT Must Allow SRA Opportunity Before Directing CoC on Management’s Settlement Proposal: NCLAT

One City Infrastructure Pvt. Ltd. Vs Pratham Expofab Private Limited (NCLAT Delhi) The National Company Law Appellate Tribunal (NCLAT) in Delhi addressed a crucial matter involving One City Infrastructure Pvt. Ltd. and Pratham Expofab Private Limited. The dispute revolved around the National Company Law Tribunal’s (NCLT) directive to the Committee of Creditors (CoC) without providing an opportunity to the Successful Resolution Applicant (SRA). This article delves into the intricacies of the case and its implications. Detailed Analysis: 1. Background: The Corporate Insolvency Resolution P...