Resolution Plan

Supreme Court Approves Resolution Plan for Reliance Home Finance Limited, Protecting Small Debenture Holders (2023)

Supreme Court Approves Resolution Plan for Reliance Home Finance Limited, Protecting Small Debenture Holders (2023) LEGAL ISSUE: Approval of a Resolution Plan (RP) for a financially distressed company, specifically concerning the rights of debenture holders. CASE TYPE: Corporate Insolvency/Finance Case Name: Authum Investment and Infrastructure Limited v. R.K. Mohatta Family Trust and Others [Judgment Date]: […]

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Supreme Court Dismisses Appeal on Resolution Plan Approval: Panch Tatva Promoters vs. GPT Steel Industries (2021)

Supreme Court Dismisses Appeal on Resolution Plan Approval: Panch Tatva Promoters vs. GPT Steel Industries (2021) Date of the Judgment: September 17, 2021 Citation: Not Available Judges: Justice Dinesh Maheshwari and Justice Vikram Nath Can a higher court interfere with a resolution plan approved by the Committee of Creditors before it goes to the Adjudicating

Supreme Court Dismisses Appeal on Resolution Plan Approval: Panch Tatva Promoters vs. GPT Steel Industries (2021) Read Post »

Supreme Court settles the binding nature of Resolution Plans on Government bodies in Insolvency Cases (13 April 2021)

Supreme Court Clarifies Binding Nature of Resolution Plans on Government Bodies Date of the Judgment: 13 April 2021 Citation: (2021) INSC 210 Judges: B.R. Gavai, J., R.F. Nariman, J., Hrishikesh Roy, J. Can a resolution plan approved under the Insolvency and Bankruptcy Code, 2016 (I&B Code) bind government bodies, including tax authorities? The Supreme Court

Supreme Court settles the binding nature of Resolution Plans on Government bodies in Insolvency Cases (13 April 2021) Read Post »

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