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Resolution plan submitted by insolvency professional could not be rejected merely on allegation by one creditor

December 11, 2018[2019] 101 410 (NCLT - Guwahati)

IBC: Where one of financial creditors filed application urging Adjusting Authority not to approve resolution plan in case of corporate debtor on ground that one of important members of CoC was a related party to corporate debtor, in view of fact that no member of CoC ever raised any query with regard to formation of CoC till end of CIRP, allegation raised at such a later stage could not be regarded as a reliable claim and, thus, resolution plan submitted by Resolution Professional was to be approved

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