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NCLAT Dismisses Appeal against Rejected Resolution Plan after Second Plan Approval
Case Law Details
- Case Name
- Excel Commosale Private Limited Vs Kurrapati Singarayya Chowdary (NCLAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Excel Commosale Private Limited Vs Kurrapati Singarayya Chowdary (NCLAT Chennai)
In the case of Excel Commosale Private Limited vs. Kurrapati Singarayya Chowdary, the National Company Law Appellate Tribunal (NCLAT) dealt with an appeal challenging an order dated April 3, 2024, which rejected a resolution plan approved by the Committee of Creditors (CoC) with 100% voting. The adjudicating authority directed fresh Corporate Insolvency Resolution Process (CIRP) proceedings, inviting a new resolution plan. Subsequently, a second resolution plan was approved, rendering the appeal by the appellants,...
