Supreme Court Upholds Resolution Plan, Emphasizes Commercial Wisdom of Creditors: Maharashtra Seamless Ltd. vs. Padmanabhan Venkatesh (22 January 2020)

/ Aniruddha Bose, Corporate Insolvency Resolution Process (CIRP), Insolvency and Bankruptcy Code, 2016, Insolvency and Bankruptcy Code, 2016 with Section 12-A, Insolvency and Bankruptcy Code, 2016 with Section 30, Judges, Rohinton Fali Nariman, V. Ramasubramanian

Supreme Court Upholds Resolution Plan, Emphasizes Commercial Wisdom of Creditors: Maharashtra Seamless Ltd. vs. Padmanabhan Venkatesh (2020) LEGAL ISSUE: Whether a resolution plan under the Insolvency and Bankruptcy Code, 2016 (IBC) must match the liquidation value of the corporate debtor and whether a successful resolution applicant can withdraw from the process after the plan’s approval. […]

Supreme Court Upholds Resolution Plan, Emphasizes Commercial Wisdom of Creditors: Maharashtra Seamless Ltd. vs. Padmanabhan Venkatesh (22 January 2020) Read Post »