IBC - Validity of Approval of Resolution Plan - Litigation regarding...

Insolvency and Bankruptcy

Validity of Approval of Resolution Plan - Litigation regarding dispute over land is pending before Civil Court on behalf of third party - Land belong to corporate debtor or not - in compliance of Regulation 38 of the CIRP Regulations, 2016 or not - this Tribunal does not have jurisdiction to decide the title of the land more so when a Civil Suit has already been preferred by the ‘Appellant’ herein and they have already opted for seeking a remedy before the Civil Court. - Appeal dismissed - AT

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