# In the matter of JSW Steel Ltd. Vs. Ashok Kumar Gulla CA(AT)(Insolvency) No. 142-2019

> NCLAT judgment dated 2019-04-30. Citation: TCN-2019-NCLAT-00606. This is an appeal concerning the approval of a resolution plan under the Insolvency and…

- **Court:** NCLAT
- **Order date:** 30 Apr 2019
- **Citation:** TCN-2019-NCLAT-00606
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/jsw-steel-ltd-vs-ashok-kumar-gulla-ca-172a209e

## Summary

### Background

This is an appeal concerning the approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016. The core issue revolves around whether the Adjudicating Authority can amend an approved resolution plan if there are no inherent flaws in the plan as approved by the Committee of Creditors. The appeal also questions whether the Adjudicating Authority can consolidate a subsidiary company of the Corporate Debtor for the purpose of approving the resolution plan.

## Facts

JSW Steel Ltd. filed an appeal against Ashok Kumar Gulla & Ors. The appeal questions whether the Adjudicating Authority can amend an approved resolution plan if there is no infirmity in the plan approved by the Committee of Creditors. It also questions whether the Adjudicating Authority can club together a subsidiary company of the Corporate Debtor for the purpose of approval of the resolution plan. The Committee of Creditors had already approved the resolution plan. The court issued notices to the respondents and allowed the implementation of the resolution plan, subject to the outcome of the appeal.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority can amend the approved resolution plan, if there is no infirmity …

**Ratio:** The ratio is based on the interpretation of the powers and limitations of the

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**Reasoning:** The court's reasoning would likely involve an analysis of the relevant provisions of the

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**Interpretation:** The interpretation centers on the balance between the Adjudicating Authority's

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**Application:** The application involves assessing whether the Adjudicating Authority exceeded

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## Parties

- **Judges:** S.J. Mukhop…; A.I.S. C…; +1 more
- **Appellants:** JSW Steel…
- **Respondents:** Ashok Kumar Gulla…

## Timeline

- **2019-04-30 — Order Da…**: The court considered the question of whether the Adjudicating Authority can amend an…
- **2019-05-01 — Filing De…**: Deadline for filing requisite…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 31 — Approval of resolution plan](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-31)

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