ACIL insolvency: SC relief to lenders
The apex court said “it is well within the Committee of Creditors domain as to how to deal with the entire debt of the corporate debtor.” If after repeated negotiations, a resolution plan had been approved by the CoC with a majority vote of 88.56%, such commercial wisdom was not required to be called into question or casually interfered with, it added.
Justice Vikram Nath Ravindra Loonkar Committee Of Creditor Even The National Company Law Appellate Tribunal Acil Ltd Supreme Court On
Source: indiatimes.com