NCLAT Rejects Request for Resolution Plan Extracts Before Approval by Adjudicating Authority

Pakhi Infra & Ors. Vs Jabalpur MSW Pvt. Ltd. (NCLAT Delhi) In the case of Pakhi Infra & Ors. Vs Jabalpur MSW Pvt. Ltd., the NCLAT Delhi addressed an appeal challenging the denial of an operational creditor’s request to access parts of a resolution plan during the Corporate Insolvency Resolution Process (CIRP). The appellant, representing the operational creditor, had filed a claim of ₹3.4 crores, which was admitted during the CIRP. However, the resolution plan proposed a payout of only ₹1 lakh to the operational creditor. The appellant argued that without access to relevant secti...