Jurisdiction of the Adjudicating Authority and the Appellate Authority cannot extend into entering upon merits of a business decision made by a requisite majority of the CoC in its commercial wisdom -SC
D.D- AUG 10 ,2021
Section 62 0f Insolvency and Bankruptcy Code, 2016 – Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 – Appeal – Corporate Resolution Insolvency Process – Approval of Resolution Plan – Valuation of Preference Shares – Jurisdiction to approve a Resolution Plan – Exercise of jurisdiction.
Pratap Technocrats (P) Ltd. & Ors.
Versus
Monitoring Committee of Reliance Infratel Limited & Anr.
