Supreme Court of India

Manish Kumar v. Union of India and Another

Neutral citation
Bench Rohinton Fali Nariman, Navin Sinha and K. M. Joseph JJ.
Decided 19 January 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.

4 Supreme Court benches have cited this judgment.

From the headnote

Insolvency and Bankruptcy Code (Amendment) Act, 2020 – s.3 –s.3 of the impugned amendment, amended s.7(1) of the Insolvency and Bankruptcy Code, 2016, incorporating three provisos to s.7(1) – Under the second proviso, a new threshold was declared for an allottee to move an application u/s.7 for trigerring the insolvency resolution process under the Code – The second proviso provided that for financial creditors who were allottees under a real estate project, an application for initiating corporate insolvency resolution process against the corporate debtor was to be filed jointly by not less…

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