EFFECT ON STAKEHOLDERS DUE TO DELAY IN ACCEPTING THE RESOLUTION PLAN
Despite various decisions by the Hon’ble Supreme Court, ranging from Innoventive Industries to K. Sashidhar to the Essar Steel case, the Hon’ble Supreme Court has consistently laid out how the law should be interpreted with regard to the approval of a resolution plan and the primacy given to the commercial wisdom of CoC’s. Despite these
