The appeal was filed against an order dated 2021-06-11 passed by the National Company Law Tribunal, New Delhi Bench-II. The Corporate Debtor, Universal Buildwell Pvt. Ltd., was admitted into insolvency on 2018-07-03 following an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. Kotak Mahindra Bank Limited and Kotak Mahindra Prime Limited, the Appellants, submitted claims to the Resolution Professional (RP). The RP appointed two valuers, and the resolution plan submitted by Welfare Association Consortium was approved by a majority vote, with the Appellants voting against it. The Appellants objected to the treatment provided to them in the Resolution Plan, particularly regarding the NIL liquidation value ascribed to them for the Universal Business

The appeal was filed against an order dated 2021-06-11 passed by the National Company Law Tribunal, New Delhi Bench-II. The Corporate Debtor, Universal Buildwell Pvt. Ltd., was admitted into insolvency on 2018-07-03 following an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. Kotak Mahindra Bank Limited and Kotak Mahindra Prime Limited, the Appellants, submitted claims to the Resolution Professional (RP). The RP appointed two valuers, and the resolution plan submitted by Welfare Association Consortium was approved by a majority vote, with the Appellants voting against it. The Appellants objected to the treatment provided to them in the Resolution Plan, particularly regarding the NIL liquidation value ascribed to them for the Universal Business