Supreme Court of India · 2020-09-04
THE KARAD URBAN COOPERATIVE BANK LTD vs SWWAPNIL BHINGARDEVAY
- Citation / case number
- SC 2020/14636
- Court
- Supreme Court of India
- Petitioner
- THE KARAD URBAN COOPERATIVE BANK LTD
- Respondent
- SWWAPNIL BHINGARDEVAY
- Author
- HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE A.S. BOPANNA, HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN
Judgment text excerpt
The Supreme Court examined appeals against the NCLAT's decision to set aside the NCLT's approval of a Resolution Plan under the Insolvency and Bankruptcy Code. The court found that the NCLAT had the authority to remand the matter back to the NCLT for reconsideration of the Resolution Plan. The appeals were dismissed, affirming the NCLAT's order and emphasizing the procedural integrity of the insolvency resolution process.