2023 (3) TMI 1449 - SCH - Insolvency and Bankruptcy

Principles of natural justice - Resolution Plan already approved during the pendency of this Application - Applicant/Appellant was not given opportunity to meet the Chairman-cum-Managing Director, who is the Competent Authority for considering the proposal of the Applicant/Appellant who is an MSME - HELD THAT - This Court is of the opinion that the impugned order has already granted the liberty to the appellant to approach the National Company Law Tribunal (NCLT) - In case such a course is adopted, the respondents shall not object to the consideration by the NCLT only on the ground of jurisdiction. The civil appeal is disposed of

Summary

The Supreme Court of India in 2023 (3) TMI 1449 - SC Order, allowed the appellant to approach the National Company Law Tribunal (NCLT) as per the impugned order. The respondents cannot object to NCLT's consideration on jurisdiction grounds. The civil appeal is disposed of accordingly, along with any pending applications.