Case of Alchemist Asset Reconstruction Company Ltd vs ASC Insolvency Services LLP, NCLAT Delhi Judgement Dated 15th May 2025. The appellant authority held that since the value of corporate debtor was covered by exemption issued by MCA by notification dated 7th March 2024, hence provision of section 5 of Competition Act is not applicable. Accordingly, there was no requirement of any approval from Competition Commission of India [CCI] for approval of resolution plan.