NCLT Delhi: Adjudicating Authority Can't Consider Settlement Proposal Even With Higher Value After Approval Of Resolution Plan By CoC

The article from LiveLaw discusses a recent NCLT Delhi decision where the adjudicating authority favored a settlement proposal over a higher value resolution plan from the Committee of Creditors (CoC). The CoC had proposed a resolution plan with a higher financial offer, but the NCLT approved a settlement proposal that it deemed more beneficial overall. This case highlights the discretion of the NCLT to consider qualitative aspects beyond mere financial value in approving resolution plans under the Insolvency & Bankruptcy Code (IBC).