SC slams NCLAT for ignoring precedent, calls move ‘perverse’

The Supreme Court has criticised the National Company Law Appellate Tribunal (NCLAT) for disregarding a binding precedent set by the apex court to the effect that once a resolution plan is approved by the National Company Law Tribunal, claims not included within it cannot be revived later.

The bench held that NCLAT had wrongly disregarded the 2021 Ghanashyam Mishra judgment, which held that once a resolution plan is approved, all claims not forming part of the plan are extinguished and cannot be subsequently revived. (HT Archive)

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SC slams NCLAT for ignoring precedent, calls move ‘perverse’ | Latest News India

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