Supreme Court of India
M/s. Shekhar Resorts Limited (unit of Orient Taj) v. Union of India
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What the Court ordered
In view of the above and for the reasons stated above, the present appeal is allowed.
Judgment, page 12
From the headnote
Insolvency and Bankruptcy Code, 2016 : Deposit of settlement amount under the 2019 Scheme, during moratorium – When impossible in view of the bar under the IBC – Appellant-corporate debtor, if can be made to suffer for no fault of its own and rendered rememediless – On facts, applicationby financial creditor of the appellant u/s. 7 – Corporate Insolvency Resolution Process against the appellant – Appellant subjected to moratorium – Thereafter, Resolution plan approved and the appellant applied for “Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019 – Appellant could not pay Rs…
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