CoC has to take final call with regard to resolution plan or modification thereof: NCLAT Delhi

Meenakshi And Kushal Goyal Vs Amit Agarwal (NCLAT Delhi) NCLAT Delhi held that resolution professional needs to place the resolution plan after incorporating directions by Hon’ble Supreme Court before CoC before presenting plan to the Adjudicating Authority as CoC has to take a final call with regard to resolution plan or modification thereof. Facts- The Corporate Debtor, Mastana Foods Private Limited came to be admitted in Corporate Insolvency Resolution Process (CIRP) by Order dated 18.09.2019. In response to `Form-G’ issued by the RP, Resolution Plan was submitted and in the 10th Commit...