The case involves an appeal against a 'Resolution Plan' under the Insolvency and Bankruptcy Code, 2016. The appellant, Sunil Jain, is challenging the plan, arguing that it curtails the rights of shareholders. The respondents include Punjab National Bank & Ors. The key facts are that a 'Resolution Plan' has been approved, and the appellant contends that this plan violates the Companies Act, 2013 and Section 30(2)(e) of the Insolvency and Bankruptcy Code, 2016. The court is considering whether the plan should be rejected. The Adjudicating Authority has been directed to maintain status quo, pending the resolution of the appeal.

The case involves an appeal against a 'Resolution Plan' under the Insolvency and Bankruptcy Code, 2016. The appellant, Sunil Jain, is challenging the plan, arguing that it curtails the rights of shareholders. The respondents include Punjab National Bank & Ors. The key facts are that a 'Resolution Plan' has been approved, and the appellant contends that this plan violates the Companies Act, 2013 and Section 30(2)(e) of the Insolvency and Bankruptcy Code, 2016. The court is considering whether the plan should be rejected. The Adjudicating Authority has been directed to maintain status quo, pending the resolution of the appeal.