Supreme Court · 2023 INSC 486 · Decided 3 May 2023
M. K. Rajagopalan v. DR. Periasamy Palani Gounder & Anr
- Court
- Supreme Court of India
- Citation
- 2023 INSC 486 · [2023] 9 S.C.R. 783
- Case number
- CIVIL APPEAL No. 1682/2022
- Decided
- 3 May 2023
- Bench
- DINESH MAHESHWARI, VIKRAM NATH (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 164(2)(b); IBC Section 12A, 29
Headnote
Insolvency and Bankruptcy Code, 2016 - ss. 12A, 29-A(e), 30(2)(e) & 30(6) - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 - Regulation 36-A(2)(iii) - Disapproval of resolution plan by the Appellate resolution plan before CoC - Held: Is unexceptionable and calls for no interference - When the modified resolution plan, even if carrying minor modification /revision was not finally approved by CoC, its presentation to the Adjudicating Authority amounts to a material irregularity
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