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Supreme Court Upholds CoC Autonomy in Resolution Plans; Limited Interference Allowed u/ss 30 and 31 of IBC.

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Full Text of the Document

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....Power of Coc for accepting / approval of resolution plant - The legislative scheme, as interpreted by various decisions of this Court, is unambiguous. The commercial wisdom of CoC is not to be interfered with, excepting the limited scope as provided under Sections 30 and 31 of the I&B Code. - SC....

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