Approval Of Resolution Plan Can't Be Interfered With Over 'NIL' Payment To Operational Creditors If Claims Have Been Properly Dealt With: NCLAT

The NCLAT has ruled that an "approval of a resolution plan cannot be interfered with over a nil payment to operational creditors" if claims have been properly dealt with. The tribunal's decision clarifies a key procedural aspect of the IBC. The ruling reinforces the principle that an operational creditor cannot object to a resolution plan if their claims have been properly dealt with.