Supreme Court · 2021 INSC 810 · Decided 1 December 2021
Committee of Creditors of Amtek Auto Limited Through Corporation Bank v. Dinkar T. Venkatsubramanian and Others
- Court
- Supreme Court of India
- Citation
- 2021 INSC 810 · [2021] 9 S.C.R. 740
- Case number
- CIVIL APPEAL No. 6707/2019
- Decided
- 1 December 2021
- Bench
- M.R. SHAH, SANJIV KHANNA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- IBC Section 12, 7, 74(3)
Headnote
Insolvency and Bankruptcy Code, 2016 - s. 12 - Initiation of insolvency resolution process - The respondent no.2-successful resolution applicant defaulted in its obligation directed reconstitution of Committee of Creditors (COC) of corporate debtor, for reconsideration of Resolution Plan given by resolution applicant (Respondent no.3) - Respondent no.3 was declared as ineligible applicant - Appellate Authority ordered liquidation of corporate debtor
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