Once CoC And Adjudicating Authority Approve Resolution Plan, Payment Terms Are Final: NCLAT New Delhi

NCLAT New Delhi has ruled that once the COC and adjudicating authority approve a resolution plan, the payment terms are final. This decision clarifies the finality of approved resolution plans. The ruling emphasizes the importance of adhering to statutory provisions. This judgment provides clarity on IBC procedures. The ruling underscores the need for legal compliance.