Committee Of Creditors Of Essar Steel ... vs Satish Kumar Gupta on 15 November, 2019
23. The mere fact that the adjudicating authority has
yet not approved the plan does not imply that the plan
can go back and forth, thereby making the CIRP an
endless process. This would result in the reopening of
the whole issue, particularly as there may be other
similar persons who may jump onto the bandwagon.
As described above, in Essar Steel [Essar Steel (India)
Ltd. (CoC) v. Satish Kumar Gupta, (2020) 8 SCC 531 :