Case of Shankar Mukherjee vs Ravi Sethia, NCLAT Delhi Judgement Dated 14th May 2025. The appellant tribunal held that the Resolution Plan does not discriminate based on the type of creditors to give preference to secured creditors both having first charge or having residual charges thus resolution plan is implementable and in exercise of commercial wisdom of CoC. The appeal is rejected being devoid of merits.
