2024 (3) TMI 806 - SCH - Insolvency and Bankruptcy

Approval of Resolution Plan - Dues of Income Tax liability - HELD THAT - It is not required to issue notice in the present appeal as it is apparent that the corporate debtor did not have money/assets and the appellant under the waterfall would not have received payment. The present appeal is dismissed.

Summary

The Supreme Court dismissed the appeal as the corporate debtor had no money/assets, and the appellant would not have received payment. Delay was condoned, and pending applications were disposed of.