Author: Advocate Rahil Kazi

Advocate enrolled with the Bar Council of India since 2018. I have been in independent practice since year 2018 handling Criminal Matters. Further assisting Insolvency Professional on the companies undergoing Corporate Insolvency Resolution Process and having corporate litigation experience at the tribunals such as the NCLT and NCLAT.

CASE COMMENT: MAHARASTHRA SEAMLESS LIMITED  …APPELLANT         VERSUS                                      PADMANABHAN VENKATESH & ORS …RESPONDENTS(Civil Appeal No. 4242 of 2019) In the present case the two issues were decided by Supreme Court1. Whether the scheme of the Code contemplates that the sum forming part of the resolution plan should match the liquidation value or not?2. Whether Section 12-A of the Code is the applicable route through which a successful resolution Applicant can retreat?Brief Facts of the Case and the Decision of NCLT:…

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