Supreme Court of India
Vallal Rck v. M/s Siva Industries and Holdings Limited and Others
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.
From the headnote
Insolvency and Bankruptcy Code, 2016: s. 12A – Withdrawal of application admitted u/s. 7 – On facts, application u/s. 12A r/w Regulation 30A for withdrawal of application filed u/s. 7, in view of settlement plan submitted by the promoter of the Corporate Debtor, being approved by 94.23% of the voting shares of the Committee of Creditors – NCLT and NCLAT rejected the application – On appeal, held: When 90% and more of the creditors, in their wisdom after due deliberations, find that it would be in the interest of all the stake-holders to permit settlement and withdraw CIRP, the adjudicating…
Authorities it was built on
- 2019 Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India & Ors.
- 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 Arun Kumar Jagatramka v. Jindal Steel and Power Ltd. & Anr.
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