Pan India Consultants Loses NCLAT Frost International Appeal

NCLAT dismisses Pan India Consultants' appeal against NCLT order rejecting its application in Frost International's insolvency.
Appellant sought declaration that Corporate Debtor's oil block participating interest is not an asset and claimed contractual rights.
Tribunal upheld NCLT's view that the issue was already decided in earlier proceedings dismissed by NCLAT and Supreme Court.
Resolution plan approval for Frost International remains pending before NCLT without prejudice to parties' legal remedies.