Approval of Resolution plan - There is no error in the ...

Court Upholds Committee of Creditors' Decision, Emphasizes Respect for Their Commercial Judgment in Insolvency Cases.

August 23, 2023

Case Laws Insolvency and Bankruptcy AT

Approval of Resolution plan - There is no error in the consideration of the CoC of the Resolution Plan and the commercial wisdom of the CoC by approving the Resolution Plan has to be given due weightage. - The Adjudicating Authority committed error in rejecting the Application for approval of the Resolution Plan

View Source

← Previous Next →

Approval of Resolution plan - There is no error in the ...

Court Upholds Committee of Creditors' Decision, Emphasizes Respect for Their Commercial Judgment in Insolvency Cases.

August 23, 2023

Case Laws Insolvency and Bankruptcy AT

You may also like:

Liquidation of Corporate Debtor - This ‘Tribunal’ keeping in mind of a primordial fact that the decision of the ‘Committee of Creditors’ takes a pivotal seat based on...

The SC clarified that applications for fraudulent and wrongful trading under Section 66 of IBC are distinct from avoidance applications under Sections 43, 45, and 50....

The Delhi High Court addressed a case involving money laundering and illegal kidney transplantation conspiracy. The court emphasized that bail can be challenged and...

The summary focuses on the approval of a resolution plan by the Committee of Creditors (CoC) and the limited scope of judicial review by the adjudicating authority. The...

Seeking to quash the demand notice for arrears of unpaid electricity charges, the court examined the scope of the Insolvency and Bankruptcy Code (IBC) and the potential...

Admissibility of section 7 application - CIRP - existence of debt and default or not - The NCLAT held that the financial distress and inability of the corporate debtor...

The NCLAT upheld the Adjudicating Authority's order approving the Resolution Plan, which was approved by the CoC with 70.07% voting share. The Appellant, a dissenting...

The court upheld the approval of the resolution plan, rejecting the wrongful allocation of Rs. 79 lakhs as the liquidation value. The Supreme Court's decision in Amit...

Approval of Resolution Plan - The NCLAT found no error in the adjudicating authority's decision, emphasizing the paramount importance of the commercial wisdom of the...

Jurisdiction - approval of resolution plan - Power of NCLT / NCLAT over commercial wisdom of the Committee of Creditors (CoC) - This Court has consistently held that the...

Rectification application u/s 254 - Tribunal not followed the decision on the identical facts by the Coordinate Bench which is confirmed by this Court - The Court...

Scope of challenge to orders passed by the ITSC - Validity of exercising discretion by the ITSC in granting relief to the assessee - Granting immunity from prosecution...

Police Custody Petition - creating false GST accounts and claiming irregular Input Tax Credit - conspiracy with the companies with a common intention of misappropriating...

Doctrine of Merger of High Court Decision with the Order of Supreme Court - The Jharkhand High Court, in its analysis, delved into the doctrine of merger, a pivotal...

CIRP - Classification of Appellant as Operational Creditor and Exclusion from COC Meetings - Financial Creditor or Operational Creditor - The Supreme Court held that the...

Quick Updates: