Supreme Court of India

Anuj Jain Interim Resolution Professional for Jaypee Infratech Limited v. Axis Bank Limited Etc. Etc.

Neutral citation
Bench A. M. Khanwilkar and Dinesh Maheshwari JJ.
Decided 26 February 2020

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

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From the headnote

Insolvency and Bankruptcy Code, 2016: Sections 5(7), 5(8), 7, 43, 45 and 66 – Corporate insolvency resolution process against corporate-debtor company – The claim of lenders of the holding Company of corporate-debtor for being recognized as financial creditors of the corporate-debtor on the strength of transactions whereby the corporate-debtor had mortgaged its properties as collateral securities for the loan to the holding company of the corporate-debtor – The claim rejected by Interim Resolution Professional (IRP) – Application by IRP seeking avoidance of the mortgage transactions as being…

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