Supreme Court of India
Ajay Kumar Radheyshyam Goenka v. Tourism Finance Corporation of India Ltd.
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.
7 Supreme Court benches have cited this judgment.
What the Court ordered
In view of the aforesaid discussion, the appeal fails and is hereby dismissed.
Judgment, page 67
From the headnote
Insolvency and Bankruptcy Code 2016 – ss. 1(3), 7, 8, 9, 13, 14, 15, 29, 30, 31, 32A, 53, 61, 238 – Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 – Rule 6 – Negotiable Instruments Act, 1881 – ss. 138, 139, 141, 142, 147 – Code of Criminal Procedure, 1973 – ss. 190, 200, 256, 257, 305, 482 – demand-cum-legal notice u/s. 138 of the NI Act was issued on behalf of the respondent calling upon the company as accused no.1 and appellant herein as accused no.2 to settle the debt advanced by way of corporate loan – Amount was not paid – Criminal complaint was filed…
Authorities it was built on
- 2019 Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India & Ors.
- 2019 Committee of Creditors of Essar Steel India Limited through Authorised Signatory v. Satish Kumar Gupta & Ors.
- 2021 Ebix Singapore Private Limited v. Committee of Creditors of Educomp Solutions Limited & Anr.
- 2018 State Bank of India v. V. Ramakrishnan & Anr.
- 1999 Anil Hada v. Indian Acrylic Limited
- 2012 Jik Industries Limited & Ors. v. Amarlal V. Jumani and Another
- 2011 Kaushalya Devi Massand v. Roopkishore Khore
- 1985 State of Rajasthan & Anr. v. Shamsher Singh
Where later benches applied it
- 2025 Electrosteel Steel Limited (now M/s Esl Steel Limited) v. Ispat Carrier Private Limited
- 2025 M/s Jsw Steel Limited v. Pratishtha Thakur Haritwal & Ors.
- 2025 Saranga Anilkumar Aggarwal v. Bhavesh Dhirajlal Sheth & Ors.
- 2026 Dineshchand Surana v. Uco Bank
- 2026 Shankar Khandelwal v. Omkara Asset Reconstruction Pvt. Ltd.
- 2026 Canara Bank v. Kavita Chowdhary
- 2025 Rakesh Bhanot v. M/s. Gurdas Agro Pvt. Ltd
Of those, 3 referred to · 4 mentioned
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