About this document
Supreme Court Ruling on Essar Steel Case by Priyansh Singh Rajput is a document available to read on EtoBox.
The Supreme Court issued a landmark judgement in the Essar Steel insolvency case that established the primacy of the Committee of Creditors in commercial decisions during insolvency resolution. The judgement upheld the powers of the CoC to approve resolution plans, clarified that financial and operational creditors can be treated differently as long as it is equitable, and validated the constitutionality of the IBC Amendment Act of 2019 with some adjustments to timelines. It reinforced the CoC
- Author
- Priyansh Singh Rajput
- Language
- EN