Supreme Court · 2019 INSC 122 · Decided 31 January 2019
Vijay Kumar Jain v. Standard Chartered Bank & ORS.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 122 · [2019] 1 S.C.R. 779
- Case number
- CIVIL APPEAL No. 8430/2018
- Decided
- 31 January 2019
- Bench
- R.F. NARIMAN, NAVIN SINHA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- IBC Section 21, 24, 25, 30
Headnote
Insolvency and Bankruptcy Code, 2016 - ss.21, 24, 25 and 30 - Right of member of suspended Board of Directors to access certain documents particularly the resolution plans - Held: Though the erstwhile Board of Directors are not members of the Committee of Creditors (CoC), yet, meeting held by the CoC and also have a right to discuss along with members of the CoC all the resolution plans that are presented at such meetings under s.25(2)(i)- Members of erstwhile Board of Directors, being vitally interested in resolution plans that may be discussed at meetings of
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