Supreme Court of India
Bank of Baroda & Anr v. Mbl Infrastructures Limited & Ors.
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.
2 Supreme Court benches have cited this judgment.
What the Court ordered
We hold that the plan submitted by the Respondent No.3 ought not to have been entertained.
Judgment, page 34
From the headnote
Insolvency and Bankruptcy Code, 2016 – s.29A(h) (as amended by the Act 26 of 2018) – Interpretation and scope of – Held: s.29A(h) creates one more category of persons not being eligible to be a resolution applicant – Other than the persons mentioned thereunder, there may not be any disqualification – The word “person” is of a wider import to include a promoter or a director, as the case may be – The definition of “person” as mentioned u/s.3(23) of the Code includes certain categories of persons and thus, there is no such exclusion – It is merely illustrative/ inclusive in nature and…
Authorities it was built on
- 2019 Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India & Ors.
- 1987 Reserve Bank of India v. Peerless General Finance & Investment Co. Ltd. Ors. and Vice Versa
- 2019 Committee of Creditors of Essar Steel India Limited through Authorised Signatory v. Satish Kumar Gupta & Ors.
- 2006 M/s. Crawford Bayley and Co. and Ors. v. Union of India and Ors.
- 2018 Arcelormittal India Private Limited v. Satish Kumar Gupta & Ors.
- 2001 Union of India v. Elplllnstone Spinning and Weaving Co. Ltd. & Ors. Etc.
- 2015 Sharad Kumar Sanghi v. Sangita Rane
- 2021 Arun Kumar Jagatramka v. Jindal Steel and Power Ltd. & Anr.
- 2018 Chitra Sharma and Ors. v. Union of India and Ors.
- 2004 Shashidhar Purandhar Hegde and Anr. v. State of Karnataka
- 2022 Essar House Private Limited v. Arcellor Mittal Nippon Steel India Limited
Where later benches applied it
- 2026 Prakash Atlanta Jv v. National Highways Authority of India
- 2025 Palm Groves Cooperative Housing Society Ltd. v. M/s Magar Girme and Gaikwad Associates
Of those, 2 mentioned
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