Pratap Technocrats (P) Ltd. vs Monitoring Committee Of Reliance ...

The Supreme Court addressed the appeal concerning the approval of a resolution plan under the Insolvency and Bankruptcy Code. The court examined the jurisdiction of the National Company Law Appellate Tribunal in upholding the resolution plan approved by the National Company Law Tribunal. Ultimately, the court affirmed the decision of the NCLAT, thereby validating the resolution process and the plan approved for Reliance Infratel Limited.