Supreme Court of India
New Okhla Industrial Development Authority v. Anand Sonbhadra
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 are of the view that we would be placing a wholly strained and unreasonable interpretation on Section 5(8)(f), if we were to hold that lessee has raised funds from the lessor (appellant) under the lease in question.
Judgment, page 105
From the headnote
Insolvency and Bankruptcy Code, 2016: ss. 21, 27, 28, 30 – Proceedings involving Corporate Debtor – Committee of Creditors – Importance and Procedure – In the idea of resurrecting an ailing corporate debtor, the Code contemplates the formation of Committee of Creditors as per s.21 – The Committee consists of financial creditors as per s. 27 – The Committee is conferred with the duty to appoint Resolution Professionals – The Resolution Plan scrutinized by such professionals then awaits the decision of the Committee as per s. 30 – It is a fundamental aspect of the committee that it consists of…
Authorities it was built on
- 2019 Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India & Ors.
- 2019 Pioneer Urban Land and Infrastructure Limited & Anr. v. Union of India & Ors.
- 2012 Aneeta Hada v. M/s. Godfather Travels & Tours Pvt. Ltd.
- 1950 Commissioner of Income-tax, Bombay v. Ahmedbhai Umarbhai & Co., Bombay.
- 2020 Anuj Jain Interim Resolution Professional for Jaypee Infratech Limited v. Axis Bank Limited Etc. Etc.
- 1960 The State of Orissa and Another v. M/s. Chakobhai Ghelabhai and Company
- 1981 Union of India & Ors. v. R. C. Jain & Ors.
- 1995 Housing Board of Haryana v. Haryana Housing Board Employees Union and Ors.
- 1998 The Commissioner of Income Tax, Lucknow v. U.P. Forest Corporation
- 2021 M/s Orator Marketing Pvt. Ltd. v. M/s Samtex Desinz Pvt. Ltd.
- 1994 Mohd. Noor and Ors. Etc. Etc. v. Mohd. Ibrahim and Ors. Etc. Etc.
- 2004 Asea Brown Boveri Ltd. v. Industrial Finance Corporation of India and Ors.
- 1988 Shroff & Co., Etc. v. Municipal Corporation of Greater Bombay and Another, Etc.
- 2018 Okhla Industrial Development Authority v. Chief Commissioner of Income Tax and Ors.
Where later benches applied it
- 2024 Global Credit Capital Limited & Anr. v. Sach Marketing Pvt. Ltd. & Anr
- 2024 Greater Noida Industrial Development Authority v. Prabhjit Singh Soni & Anr.
Of those, 2 referred to
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