The Corporate Insolvency Resolution Process (CIRP) was initiated against MBL Infrastructures Limited (Corporate Debtor) following an application filed by RBL Bank Limited (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority, National Company Law Tribunal (NCLT), Kolkata Bench, approved a resolution plan submitted by Mr. Anjanee Kumar Lakhotia, the 3rd Respondent, on April 18, 2018. This approval came after the NCLT allowed an exclusion of 106 days from the 270-day resolution period, acknowledging that the Committee of Creditors (CoC) had approved the plan with a 78.50% voting share and that it met the requirements of Section 30(2) of the I&B Code. The present appeals were filed by dissenting financial

The Corporate Insolvency Resolution Process (CIRP) was initiated against MBL Infrastructures Limited (Corporate Debtor) following an application filed by RBL Bank Limited (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority, National Company Law Tribunal (NCLT), Kolkata Bench, approved a resolution plan submitted by Mr. Anjanee Kumar Lakhotia, the 3rd Respondent, on April 18, 2018. This approval came after the NCLT allowed an exclusion of 106 days from the 270-day resolution period, acknowledging that the Committee of Creditors (CoC) had approved the plan with a 78.50% voting share and that it met the requirements of Section 30(2) of the I&B Code. The present appeals were filed by dissenting financial