Trimex Industries Pvt Ltd v. Sathavahana Ispat Ltd: Conundrum of Exercising Judicial-Review at Pre-approval Stage

abstract The pre-approval stage of the resolution plan, which occurs before the NCLT accepts the plan, is a crucial stage and can make or break the entire resolution process. However, there is a lack of clarity regarding the tribunal’s power to intervene and adjudicate upon the issues arising at this stage, which has created uncertainty Continue reading