Resolution Applicant in CIRP Can Object Approval of Resolution Plan: NCLAT Delhi

Prio S.A. Vs Pravin R. Navandar (NCLAT Delhi) In a landmark judgment, the National Company Law Appellate Tribunal (NCLAT) in Delhi has clarified the rights of resolution applicants in the corporate insolvency resolution process (CIRP). The case in question, Prio S.A. vs. Pravin R. Navandar, revolves around the locus of a resolution applicant to object to the application for the approval of a Resolution Plan. This case underscores the participatory rights of resolution applicants in the CIRP, marking a significant moment in insolvency law jurisprudence. Background: The appeal was filed against...