Section 62 of IBC : Section 62: Appeal To Supreme Court
IBC
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Explanation using Example
Imagine a company, XYZ Pvt. Ltd., is undergoing corporate insolvency resolution proceedings. The National Company Law Tribunal (NCLT) passes a resolution plan, which is then challenged by a creditor of XYZ Pvt. Ltd. at the National Company Law Appellate Tribunal (NCLAT). The NCLAT upholds the resolution plan, dismissing the creditor's appeal. The creditor, believing there is a significant question of law involved in the interpretation of the resolution plan's terms, decides to appeal to the Supreme Court.
The cred...
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