Latest Supreme Court Judgments

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Section 5(7),Insolvency and Bankruptcy Code, 2016

Showing 2 of 2 judgments

Can a lender with pervasive contractual control over a corporate debtor be excluded from its Committee of Creditors as a related party?

Debenture Holder with Pervasive Control Over Corporate Debtor Excluded from Committee of Creditors as Related Party

ECL Finance Ltd. and Anr. vs Abhinaw Mukherjee and Ors.

Insolvency and Bankruptcy Law / Committee of Creditors / Related Party Exclusion Verified

The Supreme Court dismissed the appeals of ECL Finance Ltd. and IDBI Trusteeship Services Ltd., upholding their exclusion from the Committee of Creditors as related parties under Section 5(24)(m)(i) read with Section 21(2) of the Insolvency and Bankruptcy Code, 2016.

What evidence is needed to prove debt default for insolvency admission under IBC?

Supreme Court Upholds CIRP Admission Against Hotel Companies on Debt Default

Deepak Raheja and Another vs Omkara Assets Reconstruction Private Ltd. and Another

Insolvency and Bankruptcy Law / Corporate Insolvency Resolution Process

The Supreme Court dismissed appeals against CIRP admission, holding that default under Section 7 IBC requires only a prima facie summary showing, not a full reconciliation of accounts, and that Information Utility records carry presumptive evidentiary weight.

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