2021 (7) TMI 1448 - SCH - Insolvency and Bankruptcy

Jurisdiction - power of Adjudicating Authority to interfere before the quasi-judicial determination - locus standi to challenge the inclusion of DSKL in the CIRP - necessary party to application - due date to file EOI is a commercial decision or not - it was held by NCLAT that before approval of the Resolution Plan the Adjudicating Authority can entertain or dispose of the question of priorities or any question of law or facts, arising out of or in relation to CIRP or Liquidation proceedings - HELD THAT - There are no cogent reason to entertain the Appeal. The judgment impugned does not warrant any interference. The Appeal is dismissed.

Summary

The Supreme Court of India, with Justice S. Abdul Nazeer and Justice Krishna Murari, dismissed the appeal as they found no reason to interfere with the impugned judgment. Appellant represented by Mr. Huzefa Ahmadi and others, while respondent represented by Mr. Sanjay Hegde and others. (Citation: 2021 (7) TMI 1448 - SC Order)