Case Analysis: National Spot Exchange Limited vs Anil Kohli -Civil Appeal No. 6187 of 2019
By Aaryaan Sadanand Introduction The Hon’ble Supreme Court in the case of National Spot Exchange Ltd. Vs. Anil Kohli, Resolution Professional of Dunar Foods Limited has held that the NCLAT has no power to condone the delay (of more than 30 + 15 days) in an appeal made to it […]
Supreme Court closes doors for withdrawal or modification of Resolution Plans after acceptance by Committee of Creditors
The Supreme Court of India, on 13.09.2021, delivered a landmark judgment which has settled the issue of whether withdrawal or modification of the Resolution Plan by the Resolution Applicant, after acceptance by the Committee of Creditors (“CoC”) but before approval of the Adjudicating Authority/NCLT, is permissible or not. The bench […]