2025 (7) TMI 716 - SCH - IBC

Approval of resolution plan of the Corporate Debtor as submitted by the Resolution Professional - claims of the Operational Creditors did not receive their dues or not - material irregularities in the exercise of powers by the RP in the CIRP proceedings or not - Appellant has assailed the impugned order approving the resolution plan on the ground that the plan was approved by the Adjudicating Authority after expiry of 330 days of CIRP period - it was held by NCLAT that There are no good ground to interfere with the impugned order approving the resolution plan. HELD THAT - There are no good ground and reason to interfere with the impugned judgment - appeal dismissed.

Summary

The Supreme Court, through Hon'ble Justices Sanjay Kumar and K.V. Viswanathan, granted condonation of delay but found "no good ground and reason to interfere with the impugned judgment." Consequently, the appeal was dismissed, and all pending applications were disposed of.