When Resolution Plan is approved by CoC and the same is pending for approval before Adjudicating Authority, no intervention is allowed against the decision taken by the RP in admission of claim amount – Assistant Commissioner CGST and Central Excise Division Vs. Pradeep Kumar Kabra RP of Cengres Tiles Ltd. – NCLT Ahmedabad Bench
NCLT Ahmedabad Bench held that even if the claim amount is admitted in full then also the operational creditor will not be paid more than what is proposed to be paid and therefore, at this stage when the resolution plan is approved by the CoC and the same is pending for approval before this Adjudicating Authority, we are not inclined to intervene in the decision taken by the RP.