Supreme Court of India
India Resurgence Arc Private Limited v. M/s. Amit Metaliks Limited & Anr.
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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
For what has been discussed hereinabove, this appeal fails and stands dismissed.
Judgment, 18
From the headnote
Insolvency and Bankruptcy Code, 2016: s. 30(4) – Resolution plan – Approval of, in the corporate insolvency resolution process – Resolution plan submitted by resolution applicant taken up for consideration by the CoC – Appellant expressed reservations on the share proposed particularly with reference to the value of security interest held by it and chose to remain dissentient financial creditor – Resolution plan as approved by the vast majority of voting share in the CoC was submitted for approval by resolution professional to the Adjudicating Authority – Adjudicating Authority found the plan…
Authorities it was built on
- 2019 K. Sashidhar v. Indian Overseas Bank & Ors.
- 2019 Committee of Creditors of Essar Steel India Limited through Authorised Signatory v. Satish Kumar Gupta & Ors.
- 2020 Maharashtra Seamless Limited v. Padmanabhan Venkatesh & Ors.
- 2021 Jaypee Kensington Boulevard Apartments Welfare Association & Ors. v. Nbcc (india) Ltd. & Ors.
Where later benches applied it
Of those, 1 referred to
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