Advocate Sushila
SUPREME COURT HOLDS THAT ADJUDICATORY AUTHORITY CANNOT MODIFY A RESOLUTION PLAN
Advocate Sushila Ram 28 Mar 2021

SUPREME COURT HOLDS THAT ADJUDICATORY AUTHORITY CANNOT MODIFY A RESOLUTION PLAN

The Three Judge Bench of the Hon’ble #SupremeCourt of India comprising of Justices A.M. Khanwilkar, Dinesh Maheshwari and Sanjiv Khanna passed a Judgment dated 24.03.2021 in the case of Jaypee Kensington Boulevard Apartments Welfare Association & Ors. v. NBCC (India) Ltd. & Ors. {Civil Appeal No. 3395 of 2020} and held that #AdjudicatingAuthority under Insolvency and Bankruptcy Code, 2016 (IBC) may disapprove #resolutionplan submitted by the Committee of Creditors (#CoC) but cannot modify it.


To read more, please visit the link below:


https://theindianlawyer.in/supreme-court-holds-that-adjudicatory-authority-cannot-modify-a-resolution-plan/


#supremecourt #nclt #ibc #resolutionplan

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