Hari Babu Thota vs Versus

The Supreme Court examined the role and eligibility of a Resolution Professional under the Insolvency and Bankruptcy Code, 2016, after a plan was dismissed by the National Company Law Tribunal. The Court considered whether the Resolution Professional's actions and eligibility criteria were properly assessed, emphasizing the importance of adherence to statutory provisions and procedural correctness. The judgment underscores the significance of proper qualification and conduct of Resolution Professionals in insolvency proceedings. The Court's decision impacts the appointment and continuation of Resolution Professionals in insolvency cases.