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        Insolvency and Bankruptcy

        2024 (3) TMI 26 - SCH - Insolvency and Bankruptcy

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        Supreme Court Upholds Replacement of Resolution Professional, Affirms Compliance with Section 27 of IBC, 2016. The SC dismissed the Civil Appeal concerning the replacement of the appellant as Resolution Professional, ruling that the challenged orders align with ...
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                            Supreme Court Upholds Replacement of Resolution Professional, Affirms Compliance with Section 27 of IBC, 2016.

                            The SC dismissed the Civil Appeal concerning the replacement of the appellant as Resolution Professional, ruling that the challenged orders align with Section 27 of the IBC, 2016. The decision confirms the validity of the replacement process under the specified legal framework, thereby upholding the lower court's decision.


                            The Supreme Court dismissed a Civil Appeal regarding the replacement of the appellant by another Resolution Professional, stating that the impugned orders are in conformity with Section 27 of the Insolvency and Bankruptcy Code, 2016.
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