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

The ICAI has published/compiled 50 ‘Judicial Pronouncements’/’Case Laws’ (Series-2) under the ‘Insolvency and Bankruptcy Code (IBC) 2016’.

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) are included in this compilation.

ICAI's Compilation of 'Case Laws' (Series 2) under 'IBC 2016': January 2019 Edition

The ICAI’s Corporate Laws & Corporate Governance Committee’s Insolvency and Bankruptcy Laws Group and the Indian Institute of Insolvency Professionals have collaborated to bring out the second series of the publication “Judicial Pronouncements under the Insolvency and Bankruptcy Code, 2016” to assist professionals in gaining a clear understanding of the Code.

ICAI Publication/ Compilation (Series 2) on Case Laws/ Judicial Pronouncements under IBC 2016 (January, 2019)

1. Orders passed by Supreme Court of India
1Transmission Corporation of Andhra Pradesh Limited (Appellant) Vs .Equipment Conductors and Cables Limited (Respondent)1-2
2B. K. Educational Services Private Limited (Appellant) Vs. Parag Gupta and Associates (Respondent)3-4
3Bank of New York Mellon London Branch (Appellant) Vs. Zenith Infotech Limited (Respondent)4-5
4K. Kishan (Appellant) Vs.M/s Vijay Nirman Company Pvt. Ltd. (Respondent)6-7
5Chitra Sharma and Others (Petitioners) Vs. Union of India and Others (Respondent)8-11
6Uttara Foods & Feeds Private Limited (Appellant) Vs. Mona Pharmachem (Respondent)12-13
2. Orders passed by High Courts
1Sanjeev Shriya (Petitioner) Vs. State Bank of India and 6 others (Respondents)14-17
2Dr. Vidya Sagar Garg (Petitioner) Vs. Insolvency and Bankruptcy Board of India (Respondent)17-18
3Jotun India Private Limited (Petitioner) Vs. PSL Limited (Corporate Debtor) Respondent Applicant (org. respondent)18-22
3. Orders passed by National Company Law Appellate Tribunal
1AVON Capital, (Appellant) Vs. Tattva & Mittal Lifespaces Pvt. Ltd. (Respondent/ Corporate Debtor)23-24
2Export Import Bank of India (Appellant) Vs. Resolution Professional JEKPL Private Limited (Respondent)24-27
3Jagmohan Bajaj (Appellant) (one of the shareholders of Respondent No. 1 – ‘Shivam Fragnances Pvt. Ltd.’ (Corporate Debtor) Vs. Shivam Fragrances Private Limited (Respondents/ Corporate Debtor) Amiga Informatics Pvt. Ltd. (Financial Creditor)27-28
4Ajay Chaturvedi (Appellant/ Shareholder of Corporate Debtor) Vs. JM Financial Asset Reconstruction Co. Ltd. & Anr. (Respondents/ Financial Creditor)29-30
5M/s Asset Advisory Services India Pvt. Ltd. (Appellant/ Financial Creditor) Vs. M/s VSS Projects Pvt. Ltd., (Respondents/ Corporate Debtor)30-32
6Indian Overseas Bank (Appellant) Vs. Mr Dinkar T. Venkatsubramaniam (Respondent) (Resolution Professional for Amtek Auto Ltd)33-34
7O.A.A Ananthpadmanaban Chettiar (Appellant) Vs. Sri. Mahalakshmi Textiles (Respondents)34-35
8Pravinbhai Raninga (Appellant) Vs. The Kotak Resources (Respondent 1), M/s Raninga Ispat Private Limited (Respondent 2)36-37
9M/s. Subasri Realty Private Limited (Appellant) Vs. Mr. N. Subramanian & Anr. (Respondents)37-38
10International Road Dynamics South Asia Private Limited (Appellant) Vs. Reliance Infrastructure Limited (Respondent) International Road Dynamics South Asia Private Limited (Appellant) Vs. D.A. Toll Road Private Limited (Respondent)39-41
11Mr. Suresh Padmanabhan & Anr. (Appellant) Vs.Tata Steel Ltd. & Ors. (Respondents)41-42
12G. M. Lingaraju (Appellant) Vs.Gurudatt Sugars Marketing Private Limited & Anr. (Operational Creditor/Respondent)43
13Era Infra Engineering Ltd. (Appellant/ Corporate Debtor) Vs. Prideco Commercial Projects Pvt. Ltd. (Respondent)44-45
14Sudhi Sachdev (Appellant – Promoter) Vs. APPL Industries Limited (Respondent -Operational Creditor)45-47
15Jaya Patel (Appellant) Vs. Gas Jeans Pvt. Ltd. & Ors. (Respondents)47-48
16Anil Nanda (Appellant) Vs Hari Kishan Sharma & Ors (Respondents)48-49
17Sudhir Sales & Services Ltd. (Appellant/ Operational Creditor) Vs D-Art Furniture Systems Pvt. Ltd (Respondent)49-52
18Praveen Arjun Patel (Appellant) Vs JK Lakshmi Cement Ltd. (Respondents/ Corporate Debtor)52-53
19Binani Industries Limited (Appellant/ Corporate Debtor) Vs Bank of Baroda & Anr. (Respondents)54-57
20Mr. Devendra Padamchand Jain, Resolution Professional (Appellant) Vs. State Bank of India, State Bank of Hyderabad, Indian Overseas Bank, Punjab National Bank, Bank of India, Bank of Baroda, IFCI Limited, IFCI Factors Limited (Financial Creditors), VNR Infrastructure Ltd (Corporate Debtor), Insolvency and Bankruptcy Board of India (Board) (Respondents)57-60
21Amandeep Singh Bhatia & Ors (Appellant/ Operational Creditor) Vs. Vitol S.A. & Anr (Respondents/ Corporate Debtor)60-61
22Neelkanth Township and Construction Private Limited (Appellant) Vs.Urban Infrastructure Trustee Limited (Respondents)61-63
4. Orders passed by National Company Law Tribunal
1Small Industries Development Bank Of India Vs. Alps Leisure Holidays Pvt. Ltd.64-65
2Asset Reconstruction Company (India) Limited Vs M/S Sri Srivathsa Paper Mills Private Limited65-66
3Stanbic Bank Ghana Limited Vs. Rajkumar Impex Private Limited66-68
4Manohar Karamchandani Vs. Balajidham Buildestates Pvt. Ltd.68-69
5Venus Furniture Vs. AUM Structbuild Pvt. Ltd69-70
6Bhagwati Kripa Paper Mills Pvt. Ltd., Vs. A.P. Enterprises Private Limited70-72
7Deevya Shakti Paper Mills (P) Ltd Vs. Borkar Colour Packs Private Limited72-74
8Indian Bank, Oriental Bank of Commerce, Allahabad Bank, Indian Overseas Bank, Karur Vysya Bank, Central Bank of India, Andhra Bank, Bank of Maharashtra Vs. Kamineni Steel & Power India Pvt. Ltd74-75
9Allahabad Bank Vs. SBM Paper Mills Ltd75-80
10State Bank of India Vs. Adhunik Metaliks Limited80-82
11Oasis Agro Infra Ltd, Amandeep Singh, Resolution Professional. Vs. Mandeep Singla & Ors. (Suspended Board of Directors)83-84
12State Bank of India Vs. Electrosteel Steels Ltd84-85
13State Bank of India Vs. Bhushan Steel Limited85-91
14Pratik Ramesh Chirania Vs Trinity Auto Components Limited91-93
15Reliance Commercial Finance Limited Vs. Ved Cellulose Limited93-95
16RBL Bank Ltd.Vs. MBL Infrastructure Ltd95-99
17Mr. Sunil Gopichand Teckchandani & Others Vs. Metallica Industries Limited (Through IRP)99-101
18IDBI Bank Ltd.Vs. Jaypee Infratech Limited101-104
19Takkshill Enterprises Vs. IAP Company Private Limited105-107

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)

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  1. Gautam Verma

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