Supreme Court of India
Pratap Technocrats (p) Ltd. & Ors. v. Monitoring Committee of Reliance Infratel Limited & Anr.
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What the Court ordered
For the above reasons, we find no merit in the appeal.The appeal shall accordingly stand dismissed.
Judgment, page 40
From the headnote
Insolvency and Bankruptcy Code, 2016: ss. 30(1), 30(2), 31, 53 –Corporate Insolvency Reso lution Process (CIRP) – Approval of resolution plan – Initiation o f CIRP of Corporate Debtor – Resolution applicant declared successful – Resolution plan approved with 100 per cent voting s hare of the Committee of Creditors(CoC) and subsequently approved by N CLT – Appellants-Operational creditors challenged the o rder of NCLT approving the resolution plan on the ground that the c laim of the appellants had not received a fair and equitable treatment – NCL AT upheld the order of NCLT holding that the
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