WHO DECIDES ? AND WHO CAN CHALLENGE THE DECISION? | IBC Series-Part 9 | SatyaArth Legal
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WHO DECIDES ? AND WHO CAN CHALLENGE THE DECISION? | IBC Series-Part 9 | SatyaArth Legal
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Episode 9 : The NCLT has approved ABC Steel’s Resolution Plan. But is that really the end?Raj wants to challenge the decision. A dissenting financial creditor does too. But where can they go—and what exactly can be challenged?In this episode of the IBC Series, we open the next judicial door: NCLAT, and understand how appeals work under the Insolvency & Bankruptcy Code.We explore who can appeal, on what grounds, and why the appellate remedy is not simply a second chance to disagree with the decision.Sections discussed:• Section 60 — NCLT as Adjudicating Authority• Section 61 — Appeals to NCLAT• Section 31 — Approval of Resolution Plan• Related provisions concerning dissenting financial creditorsEpisode 1 : https://youtu.be/BQBGl4zj3nsEpisode 5 : https://youtu.be/PUcljaMj2tU📖 Read the law yourself: Official IBC Gazette linkhttps://ibbi.gov.in/uploads/legalframwork/2026-04-07-115842-i5nsk-7ed69ef2a4d23a8b0d472cc0fcd55e79.pdf#IBC #InsolvencyAndBankruptcyCode #NCLT #NCLAT #CorporateInsolvency #InsolvencyLaw #ResolutionPlan #IBC2016 #SatyaArthLegal