CoC’s Approval of Resolution Plan Not Reviewable unless Statutory Violations Occur

Yogeshkumar Jashwantilal Thakkar Vs George Samuel (NCLAT Delhi) In the case of Yogeshkumar Jashwantilal Thakkar Vs. George Samuel, the NCLAT Delhi upheld the approval of a Resolution Plan in the Corporate Insolvency Resolution Process (CIRP) of Jason Dekor Private Limited. The appeal was filed by the suspended directors of the corporate debtor, challenging the order passed by the National Company Law Tribunal (NCLT) Ahmedabad. The appellants contended that the Resolution Plan violated certain procedural requirements and that the resolution applicant failed to implement the plan, even seeking i...