Maharashtra Seamless Limited vs Padmanabhan Venkatesh on 22 January, 2020
In "Maharashtra Seamless
Ltd. vs. Padmanabhan Venkatesh & Ors. - Civil Appeal 4242 of
2019" decided on 22nd January, 2020, Hon'ble Apex Court observed that
the object behind carrying out valuation of the assets of the Corporate
Debtor is to assist the Committee of Creditors to take decisions on a
Resolution Plan. It was further held that there is no requirement that the
Resolution Plan should match the maximized asset value of the Corporate
Debtor. Relevant extract from the judgment is reproduced herein below: -