29th April, 2022

Power of NCLT to Enter into Business Decision of the CoC - Pratap Case

On 10.08.2021, division bench of the Hon’ble Supreme Court (for short “SC”) unanimously dismissed the appeal filed under section 62 of the Insolvency and Bankruptcy Code (for short “IBC”) against the judgment of the National Company Law Appellate Tribunal (for short “NCLAT”) [Pratap Technocrats (P) Ltd. and Others v. Monitoring Committee of Reliance Infratel Limited and Another, 2021 SCC OnLine SC 569].n 10.08.2021, division bench of the Hon’ble Supreme Court (for short “SC”) unanimously dismissed the appeal filed under section 62 of the Insolvency and Bankruptcy Code (for short “IBC”) against the judgment of the National Company Law Appellate Tribunal (for short “NCLAT”) [Pratap Technocrats (P) Ltd. and Others v. Monitoring Committee of Reliance Infratel Limited and Another, 2021 SCC OnLine SC 569].On 10.08.2021, division bench of the Hon’ble Supreme Court (for short “SC”) unanimously dismissed the appeal filed under section 62 of the Insolvency and Bankruptcy Code (for short “IBC”) against the judgment of the National Company Law Appellate Tribunal (for short “NCLAT”) [Pratap Technocrats (P) Ltd. and Others v. Monitoring Committee of Reliance Infratel Limited and Another, 2021 SCC OnLine SC 569].

  • Asset Management & Corporate Restructuring
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