ICAI’s Compilation of ‘Case Laws’ under ‘IBC 2016’ (Series 1)

The ICAI has released a publication/compilation of 79 ‘Judicial Pronouncements’/’Case Laws (Series-1)’ under the ‘Insolvency and Bankruptcy Code (IBC) 2016’.

This compilation includes the Orders issued by the Hon’ble Supreme Court (SC) of India, various High Courts (HC), National Company Law Appellate Tribunal (NCLAT), and National Company Law Tribunal (NCLT).

ICAI's Compilation of 'Case Laws' under 'IBC 2016' (Series 1): August 2018 Edition

As more corporations are admitted into the resolution process under the ‘Insolvency and Bankruptcy Code (IBC) 2016’, the Code is evolving to address emerging implementation issues.

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, is the most recent step in this direction.

The ICAI and IIIP have collaborated to bring out the first series of the publication titled “Judicial Pronouncements under the IBC 2016” to assist professionals in gaining a clear understanding of the subject.

ICAI Publication on Case Laws/ Judicial Pronouncements (Series 1) under IBC 2016 (August 2018)

1. Orders passed by Supreme Court of India
1Chitra Sharma & Others Vs Union of India & Others1-3
2Neelkanth Township and Construction Private Ltd. and Financial Creditor Vs. Urban Infrastructure Trustees Ltd. (Corporate Debtor)3-6
3Macquarie Bank Technologies Ltd.6-9
4Mobilox Innovations Private Limited (Corporate Debtor) Vs Kirusa Software Private Limited (Operational Creditor)9-14
5Surendra Trading Company Vs Juggilal Kamlapat Jute Mills Company Limited and Others15-16
6Alchemist Asset Reconstruction Company Ltd (Financial Creditor) Vs Hotel Gaudavan Private Ltd. (Corporate Debtor)16-18
7Innoventive Industries Ltd. (Corporate Debtor) Vs ICICI Bank & Another (Financial Creditor)18-26
8Lokhandwala Kataria Construction Private Ltd.(Corporate Debtor) Vs Nisus Finance & Investment Manager LLP (Financial Creditor).27-28
9Shivam Water Treaters Private Ltd. Vs Union of India28-28
2. Orders passed by High Courts
1Sree Metaliks Limited and Another (Corporate Debtor) Vs Union of India & Another29-31
2Essar Steel India Limited & Another Vs Reserve Bank of India &  Others32-37
3Akshay Jhunjhunwala & Another Vs Union of India through MCA & Others37-38
4Power Grid Corporation of India Ltd Vs Jyoti Structures Ltd.38-39
3. Orders passed by National Company Law Appellate Tribunal
1Gurcharan Singh Soni & Kuldeep Kaur Soni Vs Unitech Ltd.40-40
2Palogix Infrastructure Private Limited (Corporate Debtor) Vs ICICI Bank Limited (Financial Creditor)41-44
3S3 Electrical & Electronics Private Ltd. (Corporate Debtor) Vs Brian Lau (Financial Creditor)45-46
4Mack Soft Tech Private Ltd. Vs Quinn Logist46-52
5Bharti Defence and Infrastructure Limited Vs Edelweiss Asset Reconstruction Company Limited53-55
6Ravi Mahajan Vs Sunrise Denmark A/S, Denmark55-56
7Nikhil Mehta and Sons HUF Vs Amr infrastructure Ltd.57-59
8PEC Ltd (Financial Creditor) Vs Sree Ramkrishna Alloys Ltd (Corporate Debtor)59-62
9Senthil Kumar Karmegam Vs Dolphin Offshore Enterprises (Mauritius) Private Ltd.62-63
10JK Jute Mills Company Limited Vs Surendra Trading Company Limited64-66
11Kirusa Software Private Ltd. (Operational Creditor) Vs Mobilox Innovations Private Ltd. (Corporate Debtor)66-71
12Black Pearl Hotels Private Ltd. (Operational Creditor) Vs Planet M Retail Ltd. (Corporate Debtor)71-72
13Ksheeraabad Constructions Private Ltd. (Corporate Debtor) Vs Vijay Nirman Company Private Ltd. (Operational Creditor)72-74
14Shriram EPC Limited (Corporate Debtor) Vs Rio Glass Solar SA (Operational Creditor)74-76
15Sobha Limited Vs Pancard Clubs Ltd76-77
16Philips India Ltd. Vs Goodwill Hospital & Research Centre Ltd. And Karina Healthcare Private Ltd.78-78
17Ganesh Sponge Private Ltd. (Corporate Debtor) Vs Aryan Mining & Trading Corporation Private Ltd. (Operational Creditor)79-80
18Labdhi Enterprises (Operational Creditor) Vs Baramati Agro Private Limited (Corporate Debtor)81-82
19Paramjeet Singh (Corporate Debtor) Vs Maxim Tubes Company Private Ltd (Operational Creditor)82-83
20Siddharth Nahata Director/ Shareholder of Tryst Industries Private Limited (Corporate Debtor) Vs Billets Elektro Werke Private Ltd. (Operational Creditor)83-84
21MCL Global Steel Private Ltd. & Another (Corporate Debtor) Vs Essar Projects India Ltd. & Another (Operational Creditor)85-86
22Annapurna Infrastructure Private Ltd. (Operational Creditor) Vs Soril Infra Resources Ltd. (Corporate Debtor)86-89
23Achenbach Buschhutten GMBH & Company Vs Arcotech Limited89-91
24Raj Hari Eswaran Vs CMI India Private Limited & Another91-93
25Paharpur Cooling Towers Limited Vs Ankit Metal & Power Limited93-95
26Antrix Diamond Exports Private Ltd (Corporate Debtor) Vs Bank of India & Others (Financial Creditor)95-97
27Unigreen Global Private Limited (Corporate Debtor) Vs Punjab National Bank and others (Financial Creditors)98-100
28Ameya Laboratories Limited Vs Kotak Mahindra Bank, IDBI Bank Ltd. Asset Reconstruction Company (India) Limited100-102
29Alpha & Omega Diagnostics (India) Ltd. (Corporate Debtor) Vs Asset Reconstruction Co of India Ltd.102-103
30Schweitzer Systemtek India Private Ltd. Vs Phoenix ARC Private Limited103-104
31Quinn Logistics India Private Limited Vs Mack Soft Tech Private Limited105-107
32Quantum Limited (Corporate Debtor) Vs Indus Finance Corporation Limited107-109
33State Bank of India (Financial Creditor) Vs V Ramakrishnan (Director of Corporate Debtor) and Veesons Energy Systems Private Ltd. (Corporate Debtor)110-112
34Dakshin Gujarat VIJ Company Ltd. (Petitioner) Vs ABG Shipyard Ltd. & Another112-113
35Innoventive Industries Ltd. (Corporate Debtor) Vs ICICI Bank & Another (Financial Creditor)114-121
36Starlog Enterprises Ltd. (Corporate Debtor) Vs ICICI Bank Ltd. (Financial Creditor)121-123
4. Orders passed by National Company Law Tribunal
1Edelweiss Asset Reconstruction Co. Ltd. Vs Murli Industries Ltd.124-125
2Hero FinCorp Ltd. Vs Steel Konnect (India) Pvt. Ltd.125-126
3State Bank of India and Standard Chartered Bank Vs Essar Steels Ltd. and Essar Steels India Ltd.126-133
4Edelweiss Asset Reconstruction Co. Ltd Vs Kalptaru Alloys Private Limited133-134
5ICICI Bank Ltd Vs Innoventive Industries Ltd134-136
6Bank of Baroda Vs Rotomac Global Pvt. Ltd and Rotomac Exports Pvt Ltd136-137
7Alchemist Asset Reconstruction Co. Limited Vs Moser Baer India Limited138-138
8Punjab National Bank Vs Rishi Ganga Power Corporation Limited.139-140
9Parker Hannifin India Private Ltd. Vs Prowess International (P) Ltd.140-141
10Prideco Commercial Projects Private Ltd. Vs Era Infra Engineering Ltd.141-142
11Ashok Alco-Chem Ltd Vs Unimark Remedies Ltd.142-143
12Sanjaya Kumar Ruia Vs Magna Opus Hospitality Private Ltd.144-145
13Alcon Laboratories (India) Private Ltd. Vs Vasan Health Care Private Ltd.145-147
14Nowfloats Technologies Private Ltd. Vs GetitInfo services Private Ltd.148-149
15Macquarie Bank Ltd. Vs Shilpi Cable Technologies Ltd149-151
16Annapurna Infrastructure Private Ltd Vs Soril Infra Resources Ltd151-152
17Macquarie Bank Limited Vs Uttam Galva Metallics Limited152-154
18Mahendra Trading Co Vs Hindustan Controls & Equipments (Private) Limited154-156
19Incredible Unique Buildcon Private Ltd. Vs Clutch Auto Ltd.157-158
20Sky Blue Papers Private Ltd. (Corporate Applicant)158-159
21Union Bank of India Vs Raman Ispat Pvt. Ltd.159-160
22Schweitzer Systemtek India Private Limited Vs Phoenix ARC Private Limited160-162
23Punjab National Bank & others Vs Unigreen Global Private Ltd.162-164
24Alpha & Omega Diagnostics (India) Ltd Vs Asset Reconstruction Co of India Ltd164-165
25Bank of Baroda Vs Binani Cement Ltd165-172
26Corporation Bank Vs Amtek Auto Ltd172-173
27Punjab National Bank Vs Bhushan Power & Steel Ltd174-177
28Standard Chartered Bank and State Bank of India Vs Essar Steel India Ltd (Numetal Limited, Arcellor Mittal India Pvt Ltd)177-181
29Anshuman Chaturvedi, RP (Applicant)181-182
30Punjab National Bank Vs Siddhi Vinayak Logistic Ltd182-186

Related Posts:

ICAI Publication on ‘IBC 2016 Judicial Pronouncements’ (Series 4)

ICAI’s Compilation of ‘Case Laws’ under ‘IBC 2016’ (Series 3)

ICAI’s Compilation of ‘Case Laws’ under ‘IBC 2016’ (Series 2)

ICAI’s Compilation of ‘Case Laws’ under ‘IBC 2016’ (Series 1)

One Response

  1. srinivas L

Leave a Reply