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Supreme Court of India

Ramkrishna Forgings Limited v. Ravindra Loonkar, Resolution Profession of Acil Limited & Anr.

Neutral citation
Reported as [2023] 16 S.C.R. 672
Bench Vikram Nath and Ahsanuddin Amanullah JJ.
Decided 21 November 2023

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.

1 Supreme Court bench has cited this judgment.

From the headnote

Issue for consideration: The moot question involved is the extent of the jurisdiction and powers of the Adjudicating Authority to go on the issue of revaluation in the background of the admit ted and undisputed factual position that no objection was raised by any quarter with regard to any defi ciency/irregularity, either by the RP or the appellant or the CoC, in fi nally approving the Resolution Plan which was sent to the Adjudicating Authority-NCLT for approval. Insolvency and Bankruptcy Code, 2016 – The Adjudica ting Authority-NCLT by order dated 01.09.2021, the appli cation seeking approval

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