Resolution plan rightly not approved since deed claimed by Corporate Debtor is unenforceable

Committee of Creditors of Jupitar Spun Pipes & Casting Pvt. Ltd. Vs Bihar State Industrial Development Corporation Ltd. & Ors. (NCLAT Delhi)

NCLAT Delhi held that order of Adjudicating Authority refusing approval of resolution plan justified since deed claimed by Corporate Debtor is doubtful and questionable and accordingly, asset cannot be treated as asset of Corporate Debtor.

Facts- These Appeal(s) have been filed challenging the same order dated 14.03.2024 passed by National Company Law Tribunal, Division Bench, Court No.II, Kolkata in IA (IB) No

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