Case: Civil Appeal Nos. 8129-8130 of 2019 — Ghanashyam Mishra & Sons Private Limited vs Edelweiss Asset reconstruction Company
Court: Supreme Court of India
Key Facts of the Case:
- Background:
- Corporate Insolvency resolution process was started against Orissa Manganese & Minerals Limited under the Insolvency and Bankruptcy Code (IBC), 2016.
- Ghanashyam Mishra & Sons Private Limited was successful resolution applicant, while Edelweiss Asset reconstruction Company was one of the three bidders.
- A resolution plan was approved by the Committee of Creditors (CoC) and the Adjudicating Authority (NCLT).
- Post-approval, several creditors (operational and statutory, including the Income Tax Department) raised claims…
