Supreme Court of India

Pratap Technocrats (p) Ltd. & Ors. v. Monitoring Committee of Reliance Infratel Limited & Anr.

Neutral citation

Bench Dr. Dhananjaya Y Chandrachud and M. R. Shah JJ.

Decided 10 August 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.

What the Court ordered

For the above reasons, we find no merit in the appeal.The appeal shall accordingly stand dismissed.

Judgment, page 40

From the headnote

Insolvency and Bankruptcy Code, 2016: ss. 30(1), 30(2), 31, 53 –Corporate Insolvency Resolution Process (CIRP) – Approval of resolution plan – Initiation of CIRP of Corporate Debtor – Resolution applicant declared successful – Resolution plan approved with 100 per cent voting share of the Committee of Creditors(CoC) and subsequently approved by NCLT – Appellants-Operational creditors challenged the order of NCLT approving the resolution plan on the ground that the claim of the appellants had not received a fair and equitable treatment – NCLAT upheld the order of NCLT holding that the…

Authorities it was built on

1978 Maneka Gandhi v. Union of India cited by 97
2019 Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India & Ors. cited by 63
2019 K. Sashidhar v. Indian Overseas Bank & Ors. cited by 32
2019 Committee of Creditors of Essar Steel India Limited through Authorised Signatory v. Satish Kumar Gupta & Ors. cited by 28

Where later benches applied it

2024 Insolvency and Bankruptcy Board of India v. Satyanarayan Bankatlal Malu & Ors. referred to
2023 Ramkrishna Forgings Limited v. Ravindra Loonkar, Resolution Profession of Acil Limited & Anr. mentioned
2021 Ngaitlang Dhar v. Panna Pragati Infrastructure Private Limited & Ors. mentioned
2021 E S Krishnamurthy & Ors. v. M/s Bharath Hi Tech Builders Pvt. Ltd. mentioned

Of those, 1 referred to · 3 mentioned

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