Supreme Court of India

Ngaitlang Dhar v. Panna Pragati Infrastructure Private Limited & Ors.

Neutral citation
Reported as [2021] 9 S.C.R. 1009
Bench L. Nageswara Rao and B. R. Ga V Ai JJ.
Decided 17 December 2021

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Insolvency and Bankruptcy Code, 2016 – ‘Material irregularity’ – When not – Corporate Insolvency Resolution Proc ess (CIRP) initiated in respect of Corporate Debtor – Resolu tion Plans were received from four prospective Resolution Applicant s including the appellant, respondent no.2 and other two – In the m eeting of Committee of Creditors (CoC), the appellant emerged as - 1 bidder – Resolution Plan of the appellant approved by CoC, further approved by NCLT – Respondent No.1- contended that in the proceedings before the CoC it had sought some time t o submit its revised Resolution Plan and

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