Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + AT Insolvency and Bankruptcy - 2018 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (8) TMI 1956 - AT - Insolvency and BankruptcyApproval of Resolution Plan - case of Operational Creditors is that the ‘Resolution Plan’ submitted by the ‘resolution applicant’ has not taken proper care of the ‘Operational Creditors’ - it is submitted that the ‘Operational Creditors’ were not noticed nor heard by the ‘Committee of Creditors’ - Section 30(2)(b) of the I&B Code - HELD THAT:- The claim of the ‘creditors’ have already been dealt with by this Appellate Tribunal in its judgment dated 10th August, 2018 passed in “Company Appeal (AT)(Insolvency) No. 175 of 2018 and connected appeals”[2018 (8) TMI 1038 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI]. The approval of ‘Resolution Plan’ submitted by ‘Vedanta Ltd.’, which was approved by the ‘Committee of Creditors’, followed by the Adjudicating Authority has been upheld by this Appellate Tribunal - The ‘Resolution Plan’ having already been approved at different levels and already acted upon, we are not inclined to decide individual claim in these appeals. Appeal dismissed.
|