Supreme Court of India
M/s Vistra Itcl (india) Ltd & Ors. v. Mr. Dinkar Venkatasubramanian & Anr.
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1 Supreme Court bench has cited this judgment.
From the headnote
Insolvency and Bankruptcy Code, 2016: ss. 30, 52 and 53 – Claim of the appellant as financial creditor of the corporate debtor on basis of the pledged shares – Entitlement to – On facts, corporate debtor approached the appellants to extend a short- term loan facility to its group companies for the ultimate end use of the corporate debtor – It was an understanding that the corporate debtor would create first ranking exclusive security by way of pledging shares held by the corporate debtor – Execution of Security Trustee Agreements between the appellant no. 1 and the group companies…
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