LatestCompany Registration 15 October 2026
NCLAT Bars Tribunals from Appealing CoC‑Approved Resolution Plans
India's National Company Law Appellate Tribunal (NCLAT) ruled that tribunals lack jurisdiction to entertain appeals against a resolution plan once it has received Committee of Creditors (CoC) approval, reinforcing finality of creditor‑driven restructuring. The decision came while hearing appeals filed by Amba Grains Pvt Ltd, confirming that post‑approval challenges are not permissible.
- NCLAT clarified that tribunals cannot entertain appeals against a resolution plan after CoC approval.
- The ruling was issued during appeals filed by Amba Grains Pvt Ltd.
- This strengthens the finality of creditor‑approved restructuring.
- Read the full article
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