IBC: Appeal Against Section 30 Proceedings Not Maintainable After Resolution Plan Approval – NCLAT

P. Jayagovind Vs Bijoy Prabhakaran Pulipra (NCLAT Chennai) In the case of P. Jayagovind vs Bijoy Prabhakaran Pulipra RP & Others, the National Company Law Appellate Tribunal (NCLAT), Chennai, addressed multiple interlocutory applications alongside the primary appeal. Among these, IA No. 666/2023, which sought leave to appeal, required no orders as it was clarified by the Principal Bench of NCLAT that under Section 61 of the Insolvency and Bankruptcy Code (IBC), any aggrieved party could file an appeal. Another key application, IA No. 665/2023, pertained to condoning a delay of 257 days in ...