Insolvency and Bankruptcy Code — Key Judgments
Key Judgments
Innoventive Industries Ltd. v. ICICI Bank & Anr.
2017This was one of the earliest and most significant Supreme Court judgments on the IBC, clarifying the scope of NCLT's powers under Section 7. The Court held that the NCLT's role is…
Essar Steel India Ltd. v. Satish Kumar Gupta & Ors.
2019This landmark Supreme Court judgment upheld the constitutional validity of the IBC, including the controversial Section 29A (disqualification of promoters) and the supremacy of…
Committee of Creditors of Essar Steel India Limited v. Satish Kumar Gupta & Ors.
2019This specific aspect of the Essar Steel judgment further elaborated on the distribution of proceeds. The Supreme Court clarified that the NCLT and NCLAT cannot interfere with the…
Jet Airways (India) Ltd. CIRP
2019-2021The Jet Airways case, though not a Supreme Court judgment, is a significant case study illustrating the complexities of CIRP, particularly for large, asset-light service…
IL&FS Group Resolution
2018-PresentThe IL&FS crisis, though not strictly under the IBC initially (it was resolved under Section 241/242 of the Companies Act, 2013, due to its systemic importance), is a critical…