NCLAT Dismisses GNIDA Appeal as Approved Resolution Plan Already Attained Finality

Greater Noida Industrial Development Authority Vs Pawan Kumar Goyal (NCLAT Delhi) The appeal was filed by the Greater Noida Industrial Development Authority (GNIDA) against an order of the National Company Law Tribunal (NCLT) dated 03.10.2024, which had dismissed GNIDA’s application seeking recall of an earlier order dated 02.04.2024 passed in the Corporate Insolvency Resolution Process (CIRP) of M/s Swati Health and Education Services Private Limited. GNIDA had allotted land to the corporate debtor under a lease deed dated 26.06.2013. Following defaults in payment of instalments and other d...