Adjudicating Authority has limited jurisdiction in the matter of approval of a resolution plan under IBC, says SC
Court :
Supreme Court of India
Brief :
This batch of civil appeals, special appeals and transfer cases essentially relate to the resolution plan in the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 concerning the corporate debtor, Jaypee Infratech Limited , whose activities do impact a large number of persons/entities, including the buyers of flats/apartments in its real estate development projects.
Citation :
CIVIL APPEAL NO. 3395 OF 2020
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