Case Law Details
Case Name : Fortune Chemicals Limited Vs Ashok Kumar Jaiswal (NCLAT Delhi)
Appeal Number : Company Appeal (AT) (Insolvency) No. 1263 of 2022
Date of Judgement/Order : 06/01/2025
Related Assessment Year :
Courts :
NCLAT
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Fortune Chemicals Limited Vs Ashok Kumar Jaiswal (NCLAT Delhi)
NCLAT Delhi held that the commercial wisdom of the Committee of Creditors [CoC] in rejecting resolution plan and opting for liquidation is non-justiciable. Accordingly, held that NCLT rightly refused to intervene in decision of CoC.
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