NCLAT, Rejection of Resolution Plan without hearing violates natural justice: Case of Essar (India) Ltd vs Prabhat Technologies, NCLAT Delhi Judgement Dated 6th May 2025. The appellate tribunal held that rejection of approved resolution plan on account of alleged fraud without giving an opportunity to resolution applicant to explain its position is against the principle of natural justice. Accordingly, matter remanded back. (Link: NCLAT Delhi Judgement Dated 06/05/2025)
