GREATER NOIDA INDUSTRIAL DEVELOPMENT AUTHORITYversusPRABHJIT SINGH SONI & ANR.
Case No.: CIVIL APPEAL No. 7590/2023
Decision Date: 12-02-2024
Disposal: Appeal(s) allowed
Neutral Citation: 2024INSC102

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						 GREATER NOIDA INDUSTRIAL DEVELOPMENT AUTHORITY versus PRABHJIT SINGH SONI & ANR. - [2024] 2 S.C.R. 2582024 INSC 102 PAMIDIGHANTAM SRI NARASIMHA, J.B. PARDIWALA, MANOJ MISRA Issue for Consideration Whether in exercise of powers under s.60(5), Insolvency and Bankruptcy Code, 2016, the Adjudicating Authority-NCLT can recall an order of approval passed under s.31(1) of the IBC; whether the of the order was barred by time; whether the resolution plan put forth by the resolution applicant did not meet the requirements of s.30(2) of the IBC read with Regulations 37 and 38 of the CIRP Regulations, 2016 and; what relief, if any, the appellant is entitled to. Headnotes Insolvency and 

Summary: Englishहिन्दी - Hindiਪੰਜਾਬੀ - PunjabiDisclaimer 
						Judgments in  regional languages are also made available alongside the English version. The translations are being done with the help of various human agencies and software tools. 
						Reasonable efforts have been made to provide an accurate translation.
						 
						 Hindi Judgment as published in Ucchtam Nyayalya Nirnay Patrika are reproduced under approval of Vidhi Sahitya Prakashan, Department of legislative affairs, Govt. Of India. 
						 
						Supreme Court Registry will not responsible for incorrect or inaccurate translation and  for any error, omission or discrepancy in the content of translated text. 
						The translation of Judgements is provided for general information  and shall have no legal effect for compliance or enforcement.
						If any questions arise related to the accuracy of the information/statement contained in the translated judgment,  users are advised to verify from the original judgments and also to refer to correct position of law while referring to old judgments.Visitors to the site are requested to cross check the correctness of the information on this site with the authorities concerned or consult the relevant record. The information made available here is not meant for legal evidence. Neither the Courts concerned nor the National Informatics Centre (NIC) nor the e-Committee is responsible for any data inaccuracy or delay in the updation of the data on this website. We do not accept any responsibility or liability for any damage or loss arising from the direct/indirect use of the information provided on the site. However, we shall be obliged if errors/omissions are brought to our notice for carrying out the corrections.GREATER NOIDA INDUSTRIAL DEVELOPMENT AUTHORITYversusPRABHJIT SINGH SONI & ANR.-[2024] 2 S.C.R. 2582024 INSC 102Coram : PAMIDIGHANTAM SRI NARASIMHA, J.B. PARDIWALA, MANOJ MISRAIssue for Consideration Whether in exercise of powers under s.60(5), Insolvency and Bankruptcy Code, 2016, the Adjudicating Authority-NCLT can recall an order of approval passed under s.31(1) of the IBC; whether the of the order was barred by time; whether the resolution plan put forth by the resolution applicant did not meet the requirements of s.30(2) of the IBC read with Regulations 37 and 38 of the CIRP Regulations, 2016 and; what relief, if any, the appellant is entitled to. Headnotes Insolvency and