₹10.46 Crore in Claims, ₹1.55 Crore Recovered: NCLT Kolkata approves SIS Mohan Real Estate Resolution Plan
NCLT observed that it is not endowed with the powers of jurisdiction or authority to analyse or evaluate the commercial decision of the CoC.
Commercial Wisdom of CoC
Sale of encumbered assets with secured creditors’ consent permitted under CIRP Regulation 29: NCLAT
Commercial wisdom of the CoC in choosing the mode and counter-party of sale of assets, whether core or non-core, encumbered or unencumbered, is non-justiciable, barring jurisdictional or regulatory violations.