Supreme Court of India
Action Ispat and Power Pvt. Ltd. v. Shyam Metalics and Energy Ltd.
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.
From the headnote
Companies Act, 2013: s.434(1)(c), fifth proviso; s.290 – Transfer of winding up proceedings from Company Court to NCLT – Permissibility of, at the stage of post admission of winding up petition – Held: In a winding up proceeding where the petition has not been served in terms of r.26 of the Rules, 1959 at a pre-admission stage, given the beneficial result of the application of the Code, such winding up proceeding is compulsorily transferable to the NCLT to be resolved under the Code – Even post issue of notice and pre admission, the same result would ensue – However, post admission of a…
Authorities it was built on
- 2019 Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India & Ors.
- 2018 Jaipur Metals & Electricals Employees Organization through General Secretary Mr. Tej Ram Meena v. Jaipur Metals & Electricals Ltd. through its Managing Director & Ors.
- 2019 Forech India Ltd. v. Edelweiss Assets Reconstruction Co. Ltd.
- 2020 M/s Kaledonia Jute and Fibres Pvt. Ltd. v. M/s Axis Nirman and Industries Ltd. & Ors.
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