2019 (7) TMI 1599 - SCH - Insolvency and Bankruptcy

Corporate Insolvency Resolution Process - Resolution Plan approved by the Committee of Creditors - Whether the Committee of Creditors discriminated between the eligible Resolution Applicants , while considering the Resolution Plan of Rajputana Properties Private Limited ? - it was held that we approve the revised Resolution Plan submitted by Ultratech Cement Limited which shall be binding on the Corporate Debtor and its employees, members, Creditors, guarantors and other stakeholders involved in the Resolution Plan . HELD THAT - There are no reason to interfere with the impugned judgment - appeal dismissed.

Summary

The Supreme Court of India granted permission to file an appeal. After hearing the counsel, the Court rejected the civil appeal but left the question of law open.