Alpha Corp Development Private Limited vs Greater Noida Industrial Development ...

The Supreme Court examined appeals arising from the National Company Law Tribunal's approval of resolution plans under the Insolvency and Bankruptcy Code, involving Greater Noida Industrial Development Authority (GNIDA) and competing resolution applicants. The National Company Law Appellate Tribunal had set aside the NCLT orders approving the resolution plans of Roma Unicon Designex Consortium and Alpha Corp Development Private Limited. The Supreme Court analyzed the validity of these approvals and the appellate tribunal's interference, ultimately providing clarity on the adjudicatory powers and procedural correctness in insolvency resolution processes involving public authorities.