Supreme Court of India · 2021-12-17
NGAITLANG DHAR vs PANNA PRAGATI INFRASTUCTURE PRIVATE LIMITED
- Citation / case number
- SC 2020/23445
- Court
- Supreme Court of India
- Petitioner
- NGAITLANG DHAR
- Respondent
- PANNA PRAGATI INFRASTUCTURE PRIVATE LIMITED
- Author
- HON'BLE MR. JUSTICE B.R. GAVAI
- Bench
- HON'BLE MR. JUSTICE B.R. GAVAI HON'BLE MR. JUSTICE L. NAGESWARA RAO
Judgment text excerpt
The Supreme Court addressed appeals concerning the approval of a Resolution Plan under the Insolvency and Bankruptcy Code. The court examined the decisions made by the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT), ultimately upholding the NCLAT's order that set aside the NCLT's approvals. The court emphasized the importance of adhering to procedural requirements in the resolution process.