Case of Sandeep Lucky vs Rajeev Lochan, NCLAT Delhi Judgement Dated 24th April 2026. The appellatetribunal has upheld the NCLT rejection of a Rs 1.15 crore resolution plan, citing severe breaches in the handling of avoidance transactions and non‑compliance with regulations. The bench found that the plan was valued at barely 10% of the corporate debtor liquidation value.