DBS BANK LIMITED SINGAPOREversusRUCHI SOYA INDUSTRIES LIMITED AND ANOTHER
Case No.: CIVIL APPEAL No. 9133/2019
Decision Date: 03-01-2024
Disposal: Matter referred to larger bench
Neutral Citation: 2024INSC14

SANJIV KHANNA*, SARASA VENKATANARAYANA BHATTI Issue for Consideration Whether s.30(2)(b)(ii) of the Insolvency and Bankruptcy Code, 2016, as amended in 2019, entitles the dissenting financial creditor to be paid the minimum value of its security interest; whether the amendments made in the substantive portion of Explanation 2 will be applicable when the first appeal was heard by NCLAT. Headnotes Insolvency and Bankruptcy Code, 2016 – s.30(2)(b)(ii) – Interpretation: Held: s.30(2)(b)(ii) forfends the dissenting financial creditor from settling for a lower amount payable under the 

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