The National Company Law Tribunal, Mumbai Bench (Hon’ble NCLT) in application filed by Mr. R. Subramaniakumar, Administrator of Dewan Housing Finance Corporation Limited (Administrator) against the Committee of Creditors, through Union Bank of India & Ors. in the matter Reserve Bank of India (RBI) versus Dewan Housing Finance Corporation Limited (DHFL) (IA.NO.449/MB/C-II/2021 in CP(IB)No.

INTRODUCTION

Recently, the Hon’ble National Company Law Appellate Tribunal has passed an order reiterating that once a resolution plan is approved by the Committee of Creditors (CoC), the successful resolution applicant cannot be permitted to be withdraw its plan.

RELEVANT FACTS

Background

Ever since the Hon’ble Finance Minister of India announced the suspension of initiation of corporate insolvency under the Insolvency and Bankruptcy Code 2016 (IBC) in wake of the COVID-19 pandemic, there have been several market speculations about the nature and extent of the proposed suspension and its implications. With the promulgation of the amendment ordinance to IBC, most of these speculations have been put to rest, however owing to the language of the Ordinance, a new set of issues may have arisen.

2019年11月14日，最高院正式发布第九次全国法院民商事审判工作会议的会议纪要——《全国法院民商事审判工作会议纪要》（简称“《九民纪要》”）。

对资产证券化圈的许多机构从业者，《九民纪要》具体有什么样的意义可能不太熟悉。在这里，我们还是借用引言中的一句话来体现它的意义：

“对当前民商事审判工作中的一些疑难法律问题取得了基本一致的看法。”

《九民纪要》的条款中，与金融业务有关的就可以说是包罗万象。但在正式看条款和案例之前，不妨先再来品读一下它的引言部分：

这些统领性原则，结合一些代表性案例，我们认为，会赋予证券化业务更多的司法支持。具体体现在：