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Supreme Court Upholds NCLAT Order on Counting of Votes by Real Estate Allottees under IBC

Supreme Court Upholds NCLAT Order on Counting of Votes by Real Estate Allottees under IBC
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Quandary Of Dissenting Financial Creditors Having Security Interest: Perhaps Supreme Court's Larger Bench To Guide Dissenting Financial Creditors

The recent judgment by a Two-Judge Bench of the Supreme Court, delivered by Justice Sanjeev Khanna and Justice S.V.N. Bhatti on January 3, 2024 in DBS Bank Limited Singapore v. Ruchi Soya Industries. ....

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Dbs Bank Limited Singapore vs Ruchi Soya Industries Limited on 3 January, 2024

Dbs Bank Limited Singapore vs Ruchi Soya Industries Limited on 3 January, 2024
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IBC - Is Dissenting Financial Creditor Entitled To Minimum Value Of Security Interest? Supreme Court Refers To Larger Bench, Doubts Precedent

The Supreme Court has referred to larger bench the issue whether a dissenting financial creditor is to be paid the minimum value of its security interest as per the Insolvency and the Bankruptcy Code. ....

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