2022 (3) TMI 1496 - SC - Insolvency and Bankruptcy

Maintainability of appeal - HELD THAT - We are not persuaded to consider interference in this matter, particularly when it is noticed that the employees are a part of the Stakeholders Committee, in terms of Regulation 31A of the Insolvency and Bankruptcy Code of India (Liquidation Process) Regulations, 2016. Appeal dismissed.

Summary

The Supreme Court of India dismissed the appeal regarding interference in a matter involving employees as part of the Stakeholders' Committee under Regulation 31A of the Insolvency and Bankruptcy Code. The Court had previously dismissed another appeal related to the same order. Appellant can take recourse to appropriate legal proceedings.