NCLAT dismisses appeals and upholds NCLT order admitting Simbhaoli Sugar Ltd into corporate insolvency resolution process.
Appellants argued Section 7 petition was non-est due to struck-down RBI circular, but tribunal found proceedings were independent.
Total outstanding debt to financial creditors is confirmed at Rs. 1436.92 crores with proven default.
Tribunal directs resolution professional to duly consider sugarcane farmers' claims during the resolution process.