Section 31 IBC Archives

IBC’s Section 53 does not over-ride Section 48 of GVAT Act; Adjudicating Authority may reject Resolution Plan if it ignores statutory dues payable to State/Legal authority: SC

Supreme Court: The bench of Indira Banerjee* and AS Bopanna, JJ has reversed the NCLAT order wherein it was held that the

“The limited judicial review, which is available, can in no circumstance trespass upon a business decision arrived at by the majority of CoC.”