Case Law Details
Case Name : Maharashtra Seamless Limited v. Padmanabhan Venkatesh & Ors (Supreme Court)
Related Assessment Year :
Courts :
Supreme Court of India
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Maharashtra Seamless Limited v. Padmanabhan Venkatesh & Ors (Supreme Court), Civil Appeal No. 4242 of 2019, Dated: 22/01/2020
Introduction:
It is, for the matter of reality, that there is no mandate under the I&B Code which provides that whether the Resolution Plan’s value shall be more than the liquidation value of the Corporate Debtor. It is this perplexing issue that the insolvency case of United Seamless Tubulaar Private Limited deals with. On 22nd January, the Full Bench of the Hon’ble Supreme Court of India in M/s. Maharashtra Seamless Limited v. Padmanabhan Venkatesh &a...
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