Modification in approved Resolution Plan under IBC not permissible: SC

Srei Multiple Asset Investment  Trust Vision India Fund Vs Deccan Chronicle Marketeers  & Others (Supreme Court)

The NCLAT, after hearing the parties, arrived to a conclusion that the declaration made by the NCLT holding the ownership rights of the Corporate Debtor over the trademarks “Deccan Chronicle” and “Andhra Bhoomi” amount to a modification/alteration of the approved Resolution Plan by CoC, which is impermissible in law and held that the order of the adjudicating authority, in fact, has transgressed its

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