CoC in its commercial wisdom can allow all Resolution Applicants to submit revised plans through the Challenge Process – Consortium of Prudent ARC Ltd. Vs. Mr. Ravi Shankar Devarakonda, RP of M/s Meenakshi Energy Ltd. and Ors. – NCLAT Chennai

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In Simultaneously CIRPs against Co-Borrowers, recovery of debt in one of the CIRP against a Co-borrower can always be taken note of and set off in CIRP of other Co-borrower – Maitreya Doshi Ex-Director of Doshi Holdings Pvt. Ltd. Vs. Anand Rathi Global Finance Ltd. – NCLAT New Delhi

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