NCLAT Dismisses S.A. Plywood and Ion Bio Med Appeals

NCLAT dismisses two appeals by S.A. Plywood and Ion Bio Med against NCLT orders admitting insolvency petitions.
Tribunal rejects applications to amend appeals by substituting suspended directors as appellants after 45-day limitation.
Ruling is based on Supreme Court precedent in Nitendra Kumar Tomer case, deeming such appeals incompetent.
Final order upholds the commencement of CIRP against both corporate debtors as ordered by NCLT.