Commercial Wisdom of Creditors Prevails Over Statutory Claims: Supreme Court Upholds Resolution Plan with Reduced Dues for NOIDA SEZ Authority

The Supreme Court of India dismissed the appeal by the NOIDA Special Economic Zone Authority (NSEZ), confirming that commercial decisions made by a Committee of Creditors (CoC) under the Insolvency and Bankruptcy Code (IBC) cannot be interfered with lightly, even when they impact statutory dues. The Court, in Civil Appeal Nos. 5918-5919 of 2022, upheld

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