{"id":778,"date":"2025-05-24T13:20:52","date_gmt":"2025-05-24T13:20:52","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=778"},"modified":"2025-05-24T13:20:52","modified_gmt":"2025-05-24T13:20:52","slug":"nclat-delhi-judgement-dated-28-03-2025","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/05\/24\/nclat-delhi-judgement-dated-28-03-2025\/","title":{"rendered":"NCLAT Delhi Judgement Dated 28\/03\/2025"},"content":{"rendered":"\n<p><strong>NCLAT, CoC can seek multiple modifications to Resolution Plans:\u00a0<\/strong><em>Case of Sagar Stone Industries vs Sajjan Kumar Dakania, NCLAT Delhi Judgement dated 28<sup>th<\/sup>\u00a0March 2025.<\/em>\u00a0\u00a0The appellate tribunal clarified that Regulation 39(1A) of the CIRP Regulations, which restricts the Resolution Professional from permitting plan modifications more than once, does not bind the CoC. The CoC retains the unrestricted right to request revisions or negotiate with resolution applicants multiple times. It stated that the \u2018challenge mechanism\u2019 is an optional tool for the CoC to maximize value and its absence cannot be a valid ground to question the approval of a resolution plan.\u00a0<a href=\"https:\/\/drive.google.com\/file\/d\/1wG1e-hzktYe436kr_O-CTG6GFsESEBaU\/view?usp=sharing\">.<em>\u00a0(NCLAT Delhi Judgement dated 28\/03\/2025)<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NCLAT, CoC can seek multiple modifications to Resolution Plans:\u00a0Case of Sagar Stone Industries vs Sajjan Kumar Dakania, NCLAT Delhi Judgement [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[66,69],"tags":[],"class_list":["post-778","post","type-post","status-publish","format-standard","hentry","category-ibbi","category-judiciary-ibbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NCLAT Delhi Judgement Dated 28\/03\/2025 - Bhatia Bhola &amp; 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