Supreme Court of India · 2021-03-10
KALPRAJ DHARAMSHI SUCCESSFUL RESOLUTION APPLICANT vs KOTAK INVESTMENT ADVISORS LIMITED
- Citation / case number
- SC 2020/16649
- Court
- Supreme Court of India
- Petitioner
- KALPRAJ DHARAMSHI SUCCESSFUL RESOLUTION APPLICANT
- Respondent
- KOTAK INVESTMENT ADVISORS LIMITED
- Author
- HON'BLE MR. JUSTICE B.R. GAVAI
- Bench
- HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN, HON'BLE MR. JUSTICE B.R. GAVAI, HON'BLE MR. JUSTICE HRISHIKESH ROY
Judgment text excerpt
The Supreme Court addressed appeals against the NCLAT's decision which set aside orders of the NCLT regarding the approval of a resolution plan for Ricoh India Limited. The NCLAT had allowed Kotak Investment Advisors Limited's appeals challenging the NCLT's rejection of their objections to the resolution plan submitted by Kalpraj Dharamshi and Rekha Jhunjhunwala. The Court ultimately upheld the NCLAT's ruling, emphasizing the importance of adhering to the insolvency resolution process as per the IBC.