NCLAT Orders Resubmission of Resolution Plan to CoC with NOIDA’s Secured creditor Claim

SP Probuild LLP Vs Rabindra Kumar Mintri & Ors (NCLAT Delhi)

Three appeals were filed against the National Company Law Tribunal (NCLT), New Delhi’s order on 05.03.2024 concerning various applications (IA Nos. 2518/2021, 3615/2022, and 4172/2022). The NCLT’s order directed the resubmission of a resolution plan to the Committee of Creditors (CoC), including consideration of certain claims.

Key Points:

Resolution Plan Approval and Objections:

• IA No. 2518/2021: Resolution Professional (RP) sought approval of a

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