NCLT Indore dismisses suspended management's application challenging their exclusion from CIRP and approval of Naveen Infraspace's resolution plan for GEI Power Limited.
Tribunal upholds RP's determination that promoter was ineligible under Section 29A due to DIN deactivation and parent company's securities market prohibitions.
CoC's commercial wisdom affirmed as Naveen Infraspace consortium's plan was approved with 99.98% voting share, concluding the corporate insolvency resolution process.
Application found barred by res judicata as eligibility issue was previously decided by NCLT and affirmed by NCLAT in earlier proceedings.