Supreme Court · 2024 INSC 811 · Decided 23 October 2024
Glas Trust Company LLC v. Byju Raveendran & ORS.
- Court
- Supreme Court of India
- Citation
- 2024 INSC 811 · [2024] 10 S.C.R. 1802
- Case number
- CIVIL APPEAL No. 9986/2024
- Decided
- 23 October 2024
- Bench
- D.Y. CHANDRACHUD, J.B. PARDIWALA, MANOJ MISRA (3-judge bench)
- Case type
- Civil
- Acts & sections cited
- Constitution; IBC Section 62, 12A, 9, 7, 10
Headnote
Whether the appellant, who was not a party to the settlement between the second respondent-BCCI (Operational Creditor) and the Corporate Debtor, has locus in the proceedings before this Court; whether the NCLAT erred in invoking its inherent of the NCLAT Rules 2016 in the presence of a prescribed procedure for withdrawal of Corporate Insolvency Resolution Process (CIRP) and settlement of claims between parties; and without prejudice to the above, whether the NCLAT adequately addressed the objections raised by the appellant, while
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