Company Appeal(at)(Ins) 1297/ND/2025 of Ajay Jogindernath Mehra v. National Asset Reconstruction Company Limited
NCLAT1297/ND/2025
Case brief
AI extract
What is this about?
The Principal Bench of the NCLAT closed two company appeals filed by personal guarantors. The court accepted the counsel's submission that since the appellant's resolution plan was already approved by the COC and pending before the Adjudicating Authority, the appeals required no further examination on merits and were accordingly closed.
What did the court decide?
The two company appeals were closed as the applicant's resolution plan was already approved by the COC and pending with the Adjudicating Authority.