Resolution professional free to participate in fresh process after rejection of plan by CoC

Adroit Pharmaceuticals Pvt. Ltd. Vs Amit Poddar Resolution Professional & Ors. (NCLAT Delhi) NCLAT Delhi held that resolution professional whose resolution plan was once rejected by the Committee of Creditors [CoC] is free to participate in fresh process initiated by fresh Form G for inviting Expression of Interest. Facts- CIRP against the Corporate Debtor- ‘Unijules Life Sciences Limited’ commenced vide order dated 08.03.2019 passed by the Adjudicating Authority. Notably, the Resolution Plan submitted by the Appellant was approved on 30.12.2019 by 75.49% voting share. On 06.02.2020, a...