Supreme Court · 2019 INSC 1256 · Decided 15 November 2019
Committee of Creditors of Essar Steel India Limited Through Authorised Signatory v. Satish Kumar Gupta & ORS.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 1256 · [2019] 16 S.C.R. 275
- Case number
- CIVIL APPEAL No. 8766/2019
- Decided
- 15 November 2019
- Bench
- R.F. NARIMAN, SURYA KANT, V. RAMASUBRAMANIAN (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- IBC
Headnote
Insolvency and Bankruptcy Code, 2016 - Corporate Insolvency Resolution Process - Power of Committee of creditors to approve resolution plan - On facts, resolution plans for Corporate debtor-Essar Steel India Limited - In CIRP India was successful resolution applicant - Resolution plan of ArcelorMittal specifically providing for an upfront payment of INR 35,000 crores in order to resolve debts amounting to INR 42,213 crores - Approval of final resolution plan of Arcelor Mittal by Committee of
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