Dissenting Financial Creditors in Corporate Insolvency Resolution Plans Entitled to Minimum Value Equal to Security Interest: Supreme Court

In a significant development, the Supreme Court, in a recent judgment, provided crucial clarifications regarding the rights of dissenting financial creditors under the Insolvency and Bankruptcy Code (Amendment Act 2019). The judgment, delivered by a bench comprising Justice Sanjiv Khanna and Justice S.V.N. Bhatti, dealt with the intricacies of Section 30(2)(b)(ii) of the IBC, shedding light on the nuances of distribution during the Corporate Insolvency Resolution Process (CIRP). Case Background:…