Are dissenting financial creditors under IBC to be paid minimum value of security interest? Supreme Court refers issue to larger bench

A bench of Justices Sanjiv Khanna and SVN Bhatti disagreed with the reasoning expressed by a coordinate bench in the India Resurgence ARC Private Limited case regarding Section 30(2)(b)(ii) of the IBC.
Supreme Court and IBC
Supreme Court and IBC

The Supreme Court on Wednesday referred to a larger bench the question of whether a dissenting financial creditor during a corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) is to be paid the minimum value of its security interest [DBS Bank Limited Singapore vs Ruchi Soya Industries Limited and anr].

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