Supreme Court · 2021 INSC 206 · Decided 24 March 2021
Jaypee Kensington Boulevard Apartments Welfare Association & ORS. v. Nbcc (India) LTD. & ORS.
- Court
- Supreme Court of India
- Citation
- 2021 INSC 206 · [2021] 12 S.C.R. 603
- Case number
- CIVIL APPEAL No. 3395/2020
- Decided
- 24 March 2021
- Bench
- A.M. KHANWILKAR, DINESH MAHESHWARI, SANJIV KHANNA (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Constitution; IBC Section 30(2), 31
Headnote
Insolvency and Bankruptcy Code, 2016 - ss. 30(2) and 31 - Contours of the jurisdiction of Adjudicating Authority in dealing with a resolution plan - Held: The Adjudicating Authority has limited jurisdiction in the matter of approval of a well-defined and circumscribed by ss.30(2) and 31 of the Code - In the adjudicatory process concerning a resolution plan under IBC, there is no scope for interference with the commercial aspects of the decision of the Committee of Creditors (CoC); and there is no scope for substituting any
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