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september 2021

Supreme Court of India · 2021-09-17

Panch Tatva Promoters Pvt. Ltd. vs Gpt Steel Industries Ltd.

Citation / case number
AIRONLINE 2021 SC 784
Court
Supreme Court of India
Petitioner
Panch Tatva Promoters Pvt. Ltd.
Respondent
Gpt Steel Industries Ltd.
Author
Dinesh Maheshwari
Bench
Vikram Nath, Dinesh Maheshwari

Judgment text excerpt

The Supreme Court dismissed the appeal of Panch Tatva Promoters Pvt. Ltd. against GPT Steel Industries Ltd., stating that it would not interfere at this stage as the Resolution Plan approved by the Committee of Creditors is pending before the Adjudicating Authority. The court emphasized that the appellant's submissions could still be considered by the Adjudicating Authority without prejudice. The appeal was dismissed with observations to ensure fair consideration of the appellant's submissions.

Panch Tatva Promoters Pvt. Ltd. vs Gpt Steel Industries Ltd. · Niyam