Resolution plan of Dorni Vinimoy Pvt. Ltd. approved as material irregularity not established

Dorni Vinimoy Private Limited Vs Rachna Anchalia Resolution Professional of Imperial Tubes Private Limited & Ors. (NCLAT Delhi) NCLAT Delhi held that resolution plan of Dorni Vinimoy Pvt. Ltd. stands approved as material irregularity is not established. Accordingly, appeals are allowed and orders of adjudicating authority set aside. Facts- Imperial Tubes Pvt. Ltd., faced CIRP proceedings, in which Resolution Professional was appointed. He had shortlisted four PRAs and had invited them to submit their resolution plans. However, just two days before the closure date for submitting the resol...