Supreme Court of India
R. Raghavendran v. C. Raja John & Ors.
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From the headnote
Issue for consideration: Whether the observations made by NCLAT in the impugned judgment, in the context of the judgment of the Tribunal in Saravana Global Holdings Ltd. & Anr. Vs. Bafna Pharmaceuticals Ltd. & Ors., that if the Corporate Debtor is an MSME it is not necessary for the Promoters to compete with other Resolution Applicants to regain the control of the Corporate Debtor, can be sustained or not in the conspectus of the observations in the Bafna’s case, the appeal where against was dismissed by the Supreme Court. Insolvency and Bankruptcy Code, 2016 – Corporate debtor, an MSME –
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