Commercial wisdom of Committee of Creditors “CoC” is not to be interfered with, excepting the limited scope as provided under Sections 30 and 31 of the I&B Code – Paramount importance given to the decision of CoC. HELD NCLAT was not correct
SUPREME COURT OF INDIA FULL BENCH KALPRAJ DHARAMSHI AND ANOTHER — Appellant Vs. KOTAK INVESTMENT ADVISORS LIMITED AND ANOTHER — Respondent ( Before : A.M. Khanwilkar, B.R. Gavai and Krishna…