Jaypee Kensington Boulevard ... vs Nbcc (India) Ltd

The Supreme Court addressed the corporate insolvency resolution process under the Insolvency and Bankruptcy Code concerning Jaypee Infratech Limited. The court examined the validity of the resolution plan and the rights of flat buyers impacted by the insolvency proceedings. The judgment emphasized the need for a fair resolution process that considers the interests of all stakeholders, particularly the homebuyers, and upheld the resolution plan while ensuring compliance with the statutory framework.