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2022 (1) TMI 1352 - SUPREME COURTSeeking disposal of appeal - Resolution Plan approved by the Committee of Creditors has been finally upheld by this Court - it was brought to the notice of the Court that the appellant had preferred some appeal before the National Company Law Appellate Tribunal (NCLAT) and it was still pending at the relevant time - HELD THAT:- This Court directed that the said appeal shall proceed on merits. Pursuant to that liberty, the concerned appeal has now been decided by the NCLAT vide impugned judgment. In our opinion, it was sufficient for the NCLAT to dispose of the appeal before it by restating the factual position noted while considering the Plan submitted for approval before the Committee of Creditors. The appeal needs to be disposed of by restating the said fact with liberty to the parties to pursue all contentions available to them in the proceedings pending at the relevant time, if any - It is stated that some arbitration proceedings were pending between the parties. If so, all contentions available to both sides be decided in the said proceedings on its own merits in accordance with law. Appeal disposed off.
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