Ramkrishna Forgings Limited vs Ravindra Loonkar, Resolution ...

The Supreme Court examined an appeal under Section 622 of the Insolvency and Bankruptcy Code, 2016, challenging a judgment by the NCLAT. The case involves the resolution process of ACIL Limited and the role of the Resolution Professional. The court analyzed the procedural and substantive aspects of insolvency resolution, emphasizing the importance of adherence to the provisions of the IBC. The judgment underscores the significance of proper resolution procedures and the authority of the NCLAT in appellate review.