Supreme Court · 2024 INSC 102 · Decided 12 February 2024
Greater Noida Industrial Development Authority v. Prabhjit Singh Soni & ANR.
- Court
- Supreme Court of India
- Citation
- 2024 INSC 102 · [2024] 2 S.C.R. 258
- Case number
- CIVIL APPEAL No. 7590/2023
- Decided
- 12 February 2024
- Bench
- PAMIDIGHANTAM SRI NARASIMHA, J.B. PARDIWALA, MANOJ MISRA (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC Section 151; Companies Act Section 408, 409; IBC Section 60(5), 31(1), 30(2), 60
Headnote
Whether in exercise of powers under s.60(5), Insolvency and Bankruptcy Code, 2016, the Adjudicating Authority-NCLT can recall an order of approval passed under s.31(1) of the IBC; whether the of the order was barred by time; whether the resolution plan put forth by the resolution applicant did not meet the requirements of s.30(2) of the IBC read with Regulations 37 and 38 of the CIRP Regulations, 2016 and; what relief, if any, the appellant is entitled to. Insolvency and
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