Question Of Value cannot be Raised Post Approval of Resolution Plan by CoC: NCLAT

Question Of Value cannot be Raised Post Approval of Resolution Plan by CoC, rules NCLAT
By Kalyani B. Nair - On March 18, 2024 12:29 pm - 2 mins read
NCLAT - National Company Law Appellate Tribunal - Committee of Creditors - COC - NCLAT decision on resolution plan - Taxscan

The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the question of value cannot be raised post approval of resolution plan by the Committee of Creditors ( CoC ). The Adjudicating Authority noticing the fact that Committee of Creditor has already approved the Resolution on 06.10.2022 has rejected…

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