The National Company Law Appellate Tribunal (NCLAT) ruled that the adjudicating authority cannot modify an approved resolution plan to accommodate late claims. While it can suggest modifications to the Committee of Creditors (CoC), it lacks the power to unilaterally alter the plan. The NCLAT clarified this while addressing a case concerning the revival of gratuity dues after plan approval. Read more at: https://lnkd.in/gFKJnHKF #ETLegalWorld
