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

07 May 2024 8:19 AM

By: Admin

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.

D.D- AUG 10 ,2021 

Pratap Technocrats (P) Ltd. & Ors.   Versus  Monitoring Committee of Reliance Infratel  Limited & Anr.       

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