Role of Committee of Creditors under IBC, 2016 : Supreme Court Clarifies the Scope of Powers
Where the Committee of Creditors under IBC, 2016, upon due consideration, finds it not viable to approve handover of possession in terms of Regulation 4E of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, it shall mandatorily record cogent and specific reasons in writing for such decision.
Elegna Co-op. Housing and Commercial Society Ltd v. Edelweiss ARC Ltd [2026] GCtR 43 (SC)
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