NSR-KBA Infrastructure Consortium NCLAT Plan Rejection Stay

NCLAT issues notice and stays an order rejecting NSR-KBA's resolution plan over a performance bank guarantee issue.
Appellant claims an FIR was filed after the initial guarantee couldn't be verified, but payment was made via RTGS.
The Adjudicating Authority had rejected the plan for not submitting the guarantee per RFRP timelines.
The Committee of Creditors had communicated its approval for the plan prior to the rejection.