Adjudicating Authority cannot maintain any application for modification or implementation of any condition post approval of a Resolution Plan – G.P. Global Energy Pvt. Ltd. Vs. Mr. Ani Kohli RP for Tirupati Infraprojects Pvt. Ltd. – NCLT Principal Bench

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NCLAT replaced the Resolution Professional who failed to examine Resolution Plan as required u/s 30(1) r/w Sec. 30(2) & an ineligible person was supported in the face of documents to the contrary – Navneet Jain Vs. Manoj Sehgal RP of Sarbat Cotfab Pvt. Ltd. – NCLAT New Delhi

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It is not necessary for the Adjudicating Authority to go into the exact quantum that is due and payable to the Operational Creditor, so long as such sum is above the threshold prescribed in section 4(1) of the IBC- Profile Interiors, a proprietorship concern represented by its proprietor, Mr Chetan C. Panchal Vs. Praxis Home Retail Ltd. – NCLT Mumbai Bench

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