ADJUDICATING AUTHORITY NOT EMPOWERED TO EXAMINE MERITS OF RESOLUTION PLAN OR SUPPLANT ITS OWN VIEW UNDER LIMITED JURISDICTION OF JUDICIAL REVIEW / RECONSIDERATION OF FINANCIAL ASPECTS OF RESOLUTION PLAN APPROVED BY COC CANNOT BE DONE BY ADJUDICATING AUTHORITY
The National Company Law Appellate Tribunal, New Delhi (hereinafter referred to as the “Appellate Tribunal”), vide its judgment dated 09.07.2025 has allowed the appeals preferred against the order passed by the National Company Law Tribunal, Mumbai (hereinafter referred to as the “Adjudicating Authority”), whereby the Adjudicating Authority had dismissed the application filed by the Resolution …