Limitation on the extent of the amount receivable by a dissenting financial creditor is innate u/s 30(2)(b) of the Insolvency and Bankruptcy Code
Last updated: 08 June 2021
Court :
Supreme Court of India
Brief :
By way of this appeal under Section 62 of the Insolvency and Bankruptcy Code, 2016 , the appellant India Resurgence ARC Private Limited seeks to question the order dated 02.03.2021 passed by the National Company Law Appellate Tribunal, New Delhi in CA(AT)(Insolvency) No. 1061 of 2020, whereby the Appellate Authority rejected its challenge to the order dated 20.10.2020 passed by the National Company Law Tribunal, Kolkata Bench, Kolkata in approval of resolution plan in the corporate insolvency resolution process concerning the corporate debtor VSP Udyog Private Limited (respondent No. 2 herein), as submitted by the resolution applicant Amit Metaliks Limited (respondent No. 1 herein).
Citation :
CIVIL APPEAL NO. 1700 OF 2021
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