Case Law Analysis
|Supreme Court of India
Adjudicating Authority Can Recall Fraudulent CIRP Under IBC, Continuity Depends on Insolvency Resolution Integrity : SC
Recalling a CIRP initiated via fraud or collusion is within an Adjudicating Authority’s power, but continuation depends on whether it serves insolvency resolution with integrity, the Supreme Court held, requiring a hearing of the RP, CoC and stakeholders.