Amar Ujala NCLAT Appeals Raama Paper Mills Resolution

Amar Ujala Ltd. files appeals against NCLT order remanding Raama Paper Mills' resolution plan over operational creditor treatment.
Appeal 501 dismissed as infructuous due to subsequent events, while Appeals 500 and 502 proceed for hearing.
Appellant argues resolution plan complied with Section 30(2)(b) of IBC regarding operational creditor payments.
NCLAT issues notice in two appeals, sets next hearing for May 22, 2026, for further submissions.