Supreme Court of India · 2023-03-03
Authum Investment And Infrastructure ... vs R.K. Mohatta Family Trust
- Court
- Supreme Court of India
- Petitioner
- Authum Investment And Infrastructure ...
- Respondent
- R.K. Mohatta Family Trust
- Author
- B.R. Gavai
- Bench
- Aravind Kumar, B.R. Gavai
Judgment text excerpt
The Supreme Court examined the validity of the High Court's dismissal of an application seeking approval of a resolution plan for the dissolution of a financial entity under Section 151 of the Civil Procedure Code. The case involved the interpretation of procedural provisions related to corporate insolvency and resolution plans, referencing the judgment in Securities and Exchange Board of India v. Rajkumar Nagpal. The Court upheld the High Court's decision, emphasizing the importance of procedural compliance in corporate dissolution proceedings. The judgment clarifies the scope of judicial review in such resolution processes.