NCLT Chennai remands resolution plan for Amar Prakaash Developers to CoC due to non-compliance with IBC Section 30(2).
Tribunal cites Supreme Court precedents in M.K. Rajagopalan and Ebix Singapore cases requiring CoC approval for plan modifications.
SRA directed to submit revised plan with all annexures within 5 days for CoC reconsideration.
Hearing adjourned to 26 May 2026 for further proceedings on the compliant resolution plan.