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Supreme Court Dismisses Appeal of NTPC Ltd. Regarding Classification of Claim in Information Memorandum Under IBC. Claim Pending Arbitration Correctly Classified as Other Creditor Claim, Not Operational Creditor Claim.

The Supreme Court disposed of a civil appeal filed by NTPC Ltd. (Simhadri Project) against Rajiv Chakraborty, the Resolution Professional. The limited...

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Supreme Court Upholds NCLAT Decision on Mandatory 75% Voting Share for Resolution Plan Approval Under I&B Code. Financial Creditors' Rejection of Resolution Plan for Kamineni Steel & Power India Pvt. Ltd. and Innoventive Industries Ltd. Leads to Liquidation as Plan Did Not Garner Required Majority.

The Supreme Court of India heard appeals arising from a common judgment of the National Company Law Appellate Tribunal (NCLAT) dated 6 September 2018,...