Supreme Court of India

Maitreya Doshi v. Anand Rathi Global Finance Ltd. and Anr.

Neutral citation
Bench Indira Banerjee and J.K. Maheshwari JJ.
Decided 22 September 2022

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 2016 – ss.7, 62 – Corporate Insolvency Resolution Process – Respondent No. 1, a NBFC- Financial Creditor disbursed loan to the tune of Rs.6 Crores to M/ s Premier Ltd. – Doshi Holdings pledged shares held by it in Premier, in favour of the Financial Creditor, by way of security for the loan – Premier failed to make repayments – Financial Creditor called upon Premier and Doshi Holdings, to pay the entire outstanding loan amount – Premier admitted and acknowledged its liability to pay its outstanding dues, but stated that it could not pay the same on account of…

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