Under the scheme of IB Code, every dissatisfaction does not partake the character of a legal grievance – Shristi Infrastructure Development Corporation Ltd. Vs. Mr. Avishek Gupta, RP Sarga Hotel Private Ltd. and Ors. – NCLAT New Delhi

It is settled proposition that approval of the Resolution Plan can be interfered with, only when the Resolution Plan violates any of the provisions of Section 30, sub-section (2) of the Code. The grievance, which has been advanced by the Appellant in the present case is essentially with regard to reliefs and concessions granted by the Adjudicating Authority with regard to direction that Corporate Debtor shall continue to be given unfettered and unbridled access to all its assets, including any movable assets located on properties that do not belong to the Corporate Debtor.

Under the scheme of IB Code, every dissatisfaction does not partake the character of a legal grievance – Shristi Infrastructure Development Corporation Ltd. Vs. Mr. Avishek Gupta, RP Sarga Hotel Private Ltd. and Ors. – NCLAT New Delhi Read Post »