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

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..... Edelweiss Asset Reconstruction 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 Edelweis .....

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..... Plan post-approval, referencing the Supreme 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, dismissin .....

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