NCLT Dismisses Jyoti Structures' Malicious Litigation Plea

NCLT Mumbai dismisses Jyoti Structures' application to dismiss DBS Bank's liquidation plea under Section 65(1) of IBC.
DBS Bank alleges material breaches of the approved resolution plan, including investor substitution and payment delays.
Tribunal finds insufficient evidence to prima facie establish DBS's application was filed with fraudulent or malicious intent.
The merits of DBS's liquidation application alleging plan breaches will be adjudicated in separate proceedings.