Legally Bharat

Can the NCLT modify approved resolution plan under the IBC? NCLAT rules, ET LegalWorld

The National Company Law Appellate Tribunal has held that the inherent powers vested with the Adjudicating Authority cannot be invoked for accommodating a belated claim thereby causing a modification of the Resolution Plan as these powers cannot be directed to create any such remedy which is contrary or in contravention of the IBC framework of […]