NCLAT dismisses Appeal of RP in absence of Irregularities in Provisions of Resolution Plan u/s 30(2) of Insolvency and Bankruptcy Code [Read Order]

The Chennai bench of the National Company Law Appellate Tribunal(NCLAT) dismissed  the appeal of Resolution Professional (RP) in the absence of irregularities in provisions of the resolution plan under section  30(2) of Insolvency and Bankruptcy Code(IBC), 2016 Mr. Sreenivasa Rao Ravinuthala, Resolution Professional(RP) who indeed was the applicant who challenged the Impugned Order dated 13/08/2020…