Judgment briefs
Supreme Court of India

Independent Sugar Corporation Ltd. v. Girish Sriram Juneja & Ors.

Insolvency and Bankruptcy Code, 2016 – s.31(4) proviso – If mandatory or directory

Disposed of
Court
Supreme Court of India
Decided
29 Jan 2025
Citation
[2025] 1 S.C.R. 1782
Case no.
CIVIL APPEAL No. 6071/2023
Bench
Hrishikesh Roy, Sudhanshu Dhulia, Sarasa Venkatanarayana Bhatti

Issue for consideration

Whether the approval of a proposed combination by the Competition Commission of India (CCI) must mandatorily precede the approval of the Resolution Plan, by the Committee of Creditors (CoC), as stipulated under the proviso to Section 31(4) of Code, 2016.

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