NCLAT Rules Tribunals Cannot Appeal Against CoC-Approved Resolution Plans
The Insolvency Appellate Tribunal (NCLAT) ruled that adjudicating authorities cannot appeal against resolution plans approved by the Committee of Creditors (CoC) under the Insolvency and Bankruptcy Code (IBC). The tribunal upheld resolution plans for Mastana Foods, dismissing appeals by a rival bidder and suspended directors. Citing a Supreme Court judgment, NCLAT emphasized that the CoC's commercial wisdom is not subject to judicial review unless specific grounds under the IBC are met, limiting tribunal jurisdiction to statutory compliance checks.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (50/100). Lens Score 48/100.
Outlets measured: moneycontrol, news18. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–50/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
news18 broke this story on 14 Oct, 02:47 pm. Other outlets followed.