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 jurisdiction and accordingly set aside the order dated 14th August, 20...