K.Sashidhar v. Overseas Indian Bank & Ors. (Civil Appeal No. 10673 of 2018)


In the case of K.Sashidhar v. Overseas Indian Bank & Ors. (Civil Appeal No. 10673 of 2018), the Supreme Court of India passed its order on February 5, 2019, under which the SC has ruled, that there is no power and competence of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) to examine or review the commercial decisions made by the Committee of Creditors. This case emerged as a result of an appeal against the NCLAT order, documenting the rejection of Innoventive Industries Limited (IIL) and Kamineni Steel & Power Private Limited (KSPIPL) resolution proposals and guiding the commencement of the liquidation process under the Insolvency and Bankruptcy Code, 2016 (IBC) against the two firms.

User Comments


×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.
×

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail info@soolegal.com