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Prospective Resolution Applicant Cannot Challenge Plan Prematurely: NCLAT Chennai
Case Law Details
- Case Name
- Ayra Consortium Vs Trupro Insolvency Services LLP (NCLAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Ayra Consortium Vs Trupro Insolvency Services LLP (NCLAT Chennai)
Material Facts
The appellant was a prospective resolution applicant in the corporate insolvency resolution process of M/s Amar Prakaash Developers Private Limited. The appeal challenged the order dated 27.02.2026 passed by the NCLT, Chennai in IA (IBC)/1985(CHE)/2025 arising out of CP (IB)/73(CHE)/2022.
The impugned order comprised two distinct parts. First, the NCLT considered IA (IBC)Plan/11(CHE)/2025 relating to approval of the resolution plan. Based on the Resolution Professional’s certificate that the plan did not com...
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