Judgment Summaries (Supreme Court)- Amit Katyal v. Meera Ahuja

CASE SUMMARY In the matter of Amit Katyal v. Meera Ahuja and Others {Supreme Court; March 03, 2022} FACTS: The Corporate Debtor could not complete a real estate project and as a result, the homebuyers filed a Section 7 Petition under the Insolvency and Bankruptcy Code, 2016 (“Code”) before the NCLT, New Delhi. The Appellant […]

March 25, 2022
Judgment Summaries- Neelkanth Medicare

CASE SUMMARY In the matter of Neelkanth Medicare Private Limited v. M/s ICI Healthcare Private Limited {NCLAT, Principal Bench, New Delhi; March 09, 2022} FACTS: The appeal was filed challenging the order passed by NCLT, Ahmedabad, dismissing Section 9 Application of the Appellant Company. The Appellant Company and the Corporate Debtor executed an agreement on […]

March 22, 2022
Judgment Summaries (SC) Ruchi Soya Industries

CASE SUMMARY In the matter of M/s Ruchi Soya Industries Limited v. Union of India and Others {Supreme Court; February 17, 2022} ISSUE: Whether the claim of the Respondent which was not lodged before the Resolution Professional after issuance of public notices under Section 13 and 15 of the Insolvency and Bankruptcy Code, 2016 (“Code”) […]

March 11, 2022
Judgment Summaries (NCLAT) Telha Sareshwala

CASE SUMMARY In the matter of Telha Sareshwala v. Parsoli Motors Works Private Limited and Others {NCLAT, Principal Bench, New Delhi; February 28, 2022} FACTS: The Corporate Debtor had a local dealership for BMW cars for Gujarat territory for the years 2007 and 2017. In 2017, BMW India Financial Services Private Limited (“BMW”) initiated Section […]

March 11, 2022
Judgment Summaries (NCLAT) State Bank of India v. Anuj Bajpai

CASE SUMMARY State Bank of India v. Anuj Bajpai  {NCLAT,  New Delhi, Principal Bench; November 18, 2019} ABBREVIATIONS & ACRONYMS USED Committee of Creditors CoC Corporate Debtor CD Corporate Insolvency Resolution Process CIRP Financial Creditor FC The Insolvency and Bankruptcy Board of India IBBI Insolvency and Bankruptcy Code, 2016 the Code National Company Law Appellate […]

March 3, 2022
Judgment Summaries (NCLAT) Edelweiss Asset Reconstruction Company Ltd. v. Synergies Dooray Automotive Ltd. & Ors.

CASE SUMMARY Edelweiss Asset Reconstruction Company Ltd. v. Synergies Dooray Automotive Ltd. & Ors.  {NCLAT, New Delhi, Principal Bench; December 14, 2018} ABBREVIATIONS & ACRONYMS USED Committee of Creditors CoC Corporate Debtor CD Corporate Insolvency Resolution Process CIRP Financial Creditor FC The Insolvency and Bankruptcy Board of India IBBI Insolvency and Bankruptcy Code, 2016 the […]

March 3, 2022
Judgment Summaries (High Court) Univalue Projects Pvt. Ltd. v. The Union of India & Ors.

Case Summary Univalue Projects Pvt. Ltd. v. The Union of India & Ors. WP No. 5595(W) of 2020 with C.A.N 3347 of 2020, High Court of Calcutta, Decided on 18.08.2020 The Registrar, National Company Law Tribunal (‘NCLT’) Principal Bench, New Delhi had issued an order (‘Impugned Order’) that mandatorily requires all financial creditors to submit […]

March 3, 2022
Judgment Summaries (High Court) Ultra Tech Nathdwara Cement Ltd. v. Union Of India

Case Summary Ultra Tech Nathdwara Cement Ltd. v. Union Of India W.P.(C) 9480/2019, High Court of Rajasthan, Decided on 07.04.2020   The petitioner filed this writ petition against several notices issued by the Central Goods and Services (‘GST’) tax department demanding several GST payments from the petitioner for the periods prior to the taking over […]

March 3, 2022
Judgment Summaries (High Court) Tata Steel BSL Limited & Anr. v Union of India & Anr.

Case Summary Tata Steel BSL Limited & Anr. v Union of India & Anr.  W.P. (CRL) 3037/2019 and CRL M.A. 39126/2019, High Court of Delhi, Decided on 16.03.2020   The petitioner, Tata Steel Limited was the successful resolution applicant of Bhushan Steel Limited (‘BSL’). The order of the National Company Law Tribunal (‘NCLT’) approving the […]

March 3, 2022
Judgment Summaries (High Court) Sree Metaliks Limited & Anr. v. Union of India and Anr.

Case Summary Sree Metaliks Limited & Anr. v. Union of India and Anr. W.P. 7144 (W) OF 2017, High Court of Calcutta, Decided on 07.04.2017   This petition challenged the constitutionality of Section 7 of the Insolvency and Bankruptcy Code, 2016 (‘IBC’) and the related rules, on the ground that Section 7 does not afford […]

March 3, 2022
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