Resolution plan, approved by adjudicating authority, is binding on operational creditors

M/s. Genius Security and Allied Services Vs Mr. Shivadutt Bannanje (NCLAT Chennai) Facts- The Appellant being Operational Creditor aggrieved by the impugned order dated 29.01.2021 passed by the Hon’ble Adjudicating Authority, whereby the Hon’ble Adjudicating Authority without appreciating the facts with respect to claims of the Operational Creditors passed an order approving the Resolution Plan. It is submitted that the Appellant provided security and housekeeping services for the projects undertaken by the Corporate Debtor. It is submitted that the security services provided were of due i...