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Supreme Court of India

Arun Kumar Jagatramka v. Jindal Steel and Power Ltd. & Anr.

Neutral citation
Bench Dr. Dhananjaya Y Chandrachud and M. R. Shah JJ.
Decided 15 March 2021

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.

9 Supreme Court benches have cited this judgment.

What the Court ordered

For the above reasons, we have come to the conclusion that there is no merit in the appeals and the writ petition.

Judgment, page 79

From the headnote

Insolvency and Bankruptcy Code, 2016: s. 29A – Person not eligible to be resolution applicant – Eligibility of promoter to file application for compromise and arrangement, while he is ineligible u/s. 29A to submit ‘Resolution Plan’ – On facts, application by GNCL, corporate debtor for initiating the Corporate Insolvency Resolution Process admitted and the appellant-promoter of GNCL submitted a resolution plan for GNCL – However, due to insertion of s. 29A, which disqualifies a person from being a resolution applicant if they have been a promoter or in the management or control of a corporate…

Authorities it was built on

Where later benches applied it

Of those, 3 referred to · 6 mentioned

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