https://www.taxtmi.com/caselaws?id=398437 The Supreme Court reinstated the NCLT order in an insolvency case involving loan restructuring under the Insolvency and Bankruptcy Code, 2016. The Court found the NCLAT's conclusions erroneous, as documents supporting the outstanding loan amount were produced, including a supplementary affidavit and a counter affidavit admitting the debt's existence. The Court clarified the admissibility of these documents, upheld the principle of estoppel, and emphasized the correct application of law in insolvency cases. The judgment impacted related appeals, ensuring consistency in resolution proceedings and allowing intervenors to redirect their application to the appropriate forum. en-us Tue, 08 Sep 2020 00:00:00 +0530 Wed, 16 Sep 2020 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398437 The Supreme Court reinstated the NCLT order in an insolvency case involving loan restructuring under the Insolvency and Bankruptcy Code, 2016. The Court found the NCLAT's conclusions erroneous, as documents supporting the outstanding loan amount were produced, including a supplementary affidavit and a counter affidavit admitting the debt's existence. The Court clarified the admissibility of these documents, upheld the principle of estoppel, and emphasized the correct application of law in insolvency cases. The judgment impacted related appeals, ensuring consistency in resolution proceedings and allowing intervenors to redirect their application to the appropriate forum. Case-Laws Insolvency and Bankruptcy Tue, 08 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398437