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Supreme Court of India

Infrastructure Leasing & Financial Services Limited v. B.P.L. Limited

Neutral citation
Reported as [2015] 2 S.C.R. 273
Bench Anil R. Dave and Dipak Misra JJ.
Decided 9 January 2015

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Companies Act, 1956 - s.391 - Compromise between Company and its creditors - Respondent-company proposed a scheme involving its creditors - Application ul c s 391(1) by respondent-company seeking permission for holding meeting for consideration of approval of the compromise - Objection to, by one of the creditors (appellant) denying applicability of the scheme on it on the ground that it was not a secured creditor as its status as secured creditor was changed in view of subsequent events including the arbitration award which was passed on consent; and that in view of Order II r 2 CPC the

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