2024 (3) TMI 806 - SCH - Insolvency and Bankruptcy

Approval of Resolution Plan - Dues of Income Tax liability - HELD THAT - It is not required to issue notice in the present appeal as it is apparent that the corporate debtor did not have money/assets, and the appellant under the waterfall would not have received payment. The present appeal is dismissed.

Summary

The Supreme Court dismissed the appeal as the corporate debtor had no money/assets, and the appellant would not have received payment. Delay was condoned, and pending applications were disposed of.