2025 (7) TMI 852 - SCH - IBC

Application for prayer to set aside the order of admitting the Corporate Debtor into CIRP proceedings under Section 7 of I B Code - Section 7 application was preferred with malicious intention or not - allegation of malice and fraud - appeal against the approved Resolution Plan - HELD THAT - There are no reason to interfere with the impugned order passed by the National Company Law Appellate Tribunal Chennai. The Appeal is accordingly dismissed.

Summary

The Supreme Court, with Hon'ble Justices J. B. Pardiwala and R. Mahadevan presiding, condoned the delay in filing the appeal. After hearing counsel and reviewing the record, the Court found "no reason to interfere with the impugned order passed by the National Company Law Appellate Tribunal, Chennai." Consequently, the appeal was dismissed, and all pending applications were disposed of.