Scope of Approval of resolution plan - Allegations of undervaluation of the Corporate Debtor's assets. - Appellant's Locus to Challenge

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..... Company) from the Committee of Creditors (CoC). * Allegations of undervaluation of the Corporate Debtor's assets. * The Resolution Plan's fairness and compliance with the Insolvency and Bankruptcy Code (IBC), 2016. * Appellant's right to challenge the Resolution Plan. Court's Findings: * Exclusion of Creditor: The exclusion of Edelweiss Asset Reconstruction Company from t .....

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..... e Court judgment in 'Ravi Shankar Vedam vs. Tiffins Barytes Asbestos and Paints Limited and Others'. Decision: * The appeal was dismissed at the threshold, with the court finding no considerable grounds to entertain the appeal. * No order as to costs was made. Conclusion: The NCLAT upheld the Resolution Plan approved by the CoC, dismissing challenges regarding the exclusion of a creditor, a .....

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