The Approval of the Resolution Plan by the CoC is the commercial wisdom of the CoC challenge to which approval can be on limited ground when it is shown that Resolution Plan is not in compliance with Section 30(2) of the Code – Gammon Engineers & Contractors Pvt. Ltd. Vs. Sutanu Sinha, RP, Patna Highway Projects Ltd. and Ors. – NCLAT New Delhi

It is well settled that commercial wisdom of CoC is paramount. The Approval of the Resolution Plan by the CoC is the commercial wisdom of the CoC challenge to which approval can be on limited ground when it is shown that Resolution Plan is not in compliance with Section 30(2) of the Code.

Scroll to Top