Legal16 May 2026, 02:31 pm
Cosmic CRF Eligible for CIRP of Myotic: SC Order
AI Summary
The Supreme Court of India has ruled Cosmic CRF Ltd eligible to participate in the Corporate Insolvency Resolution Process (CIRP) of Myotic Trading Private Limited. The decision overturns the previous judgment by the National Company Law Appellate Tribunal (NCLAT). This order was made in the matter of Cosmic CRF Limited vs. Myotic Trading Private Limited & Ors. (Civil Appeal Diary No. 15468/2026).
Key Highlights
- Supreme Court declares Cosmic CRF eligible for Myotic Trading's CIRP.
- The ruling reverses the NCLAT's earlier judgment.
- The decision is in the matter of Cosmic CRF Limited vs. Myotic Trading Private Limited.
- Order passed on May 14, 2026.
- Civil Appeal Diary No. is 15468/2026.
Price Impact
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