Financial decision by Committee of Creditors while evaluating resolution plan will prevail: Supreme Court

Noida Special Economic Zone Authority Vs Manish Agarwal & Ors. (Supreme Court of India)

Supreme Court held that the financial decisions as have been taken by Committee of Creditors, especially with regard to viability or otherwise, while evaluating the resolution plan would prevail.

Facts- The Respondent No.02, i.e., Shree Bhoomika International Limited, being the Corporate Debtor was sub-leased the Plot bearing No. 59-I admeasuring 16,100 square meters at NOIDA Special Economic Zone by the Appellant, in capacity of lessee of the said land from the NOIDA

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