Tribunal cannot sit in appeal on commercial wisdom of CoC and annul approved resolution plan. SC dismissed SLP
April 18, 2021
bankruptcy, Supreme Court
Appellate Tribunal cannot sit in appeal on commercial wisdom of the ‘Committee of Creditors’ and to annul the resolution plan. SC dismissed SLP ABCAUS Case Law CitationABCAUS 3488 (2021) (04) SC Important case law relied referred:Committee of Creditors of Essar Steel India Limited vs. Satish Kumar Gupta & …