C.A. No. 005918 - 005919 / 2022
NOIDA SPECIAL ECONOMIC ZONE AUTHORITY vs MANISH AGARWAL
Status
DISPOSED
Judges
HON'BLE MR. JUSTICE ABHAY S. OKA and HON'BLE MR. JUSTICE AUGUSTINE GEORGE MASIH
Order Date
05-11-2024
Citation
2024 INSC 839
Filed On
31-03-2022 12:00 AM
AI Summary
Under Section 238 of the Insolvency and Bankruptcy Code, 2016, the IBC has overriding effect over all other legislation, including the Special Economic Zones Act, 2005; consequently, all dues not forming part of an approved Resolution Plan, including statutory dues, stand extinguished, and the commercial wisdom of the Committee of Creditors in approving a Resolution Plan is non-justiciable except as provided under Section 30(2) of IBC, 2016.