https://www.taxtmi.com/caselaws?id=406121 The Supreme Court held that the National Company Law Appellate Tribunal (NCLAT) exceeded its jurisdiction by interfering with the commercial decision of the Committee of Creditors (CoC), which was approved by a significant majority. The Court emphasized the importance of upholding the CoC's decisions based on 'commercial wisdom' and concluded that the NCLAT's interference was not justified. The judgment dismissed the appeal as withdrawn at the request of the Appellant's Counsel, with no order as to costs. en-us Mon, 15 Mar 2021 00:00:00 +0530 Tue, 06 Apr 2021 23:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406121 The Supreme Court held that the National Company Law Appellate Tribunal (NCLAT) exceeded its jurisdiction by interfering with the commercial decision of the Committee of Creditors (CoC), which was approved by a significant majority. The Court emphasized the importance of upholding the CoC's decisions based on 'commercial wisdom' and concluded that the NCLAT's interference was not justified. The judgment dismissed the appeal as withdrawn at the request of the Appellant's Counsel, with no order as to costs. Case-Laws Insolvency and Bankruptcy Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406121