KRIDHAN INFRASTRUCTURE PVT. LTD. (NOW KNOWN AS KRISH STEEL AND TRADING PVT. LTD) vs VENKATESAN SANKARANARAYAN

The Supreme Court upheld the decision of the National Company Law Appellate Tribunal regarding the liquidation of Tecpro Systems Limited due to the appellant's failure to implement the approved Resolution Plan under the Insolvency and Bankruptcy Code. The court noted that despite multiple opportunities, the appellant did not fulfill its obligations, leading to a majority vote by the Committee of Creditors for liquidation. The appeal was dismissed, affirming the lower courts' rulings on the matter.