Supreme Court of India

M/s. Innoventive Industrles Ltd. v. Icici Bank & Anr.

Neutral citation

Reported as [2017] 8 S.C.R. 33

Bench R.F. Nariman J.

Decided 31 August 2017

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.

43 Supreme Court benches have cited this judgment.

From the headnote

Insolvency and Bankruptcy Code, 2016: ss. 7 and 238 - Maharashtra Relief Undertakings (Special Provisions Act), 1958 - Insolvency resolution process - Default by c appellant company in payment of amount due under certain credit facilities obtained from the bank-financial creditor - Insolvency petition by bank against the appellant-defaulter company, to set the insolvency resolution process in motion - Appellants interim application that no debt legally due since its liability stood temporarily suspended under the 1958 Act, for one year, which was later extended for one more year - Second

Authorities it was built on

1954 Zaverbhai Amaidas v. The State of Bombay cited by 34
1983 Hoechst Pharmaceuticals Ltd. and Another Etc. v. State of Bihar and Others cited by 34
1979 M. Karunanidhi v. Union of India cited by 19
2011 Girnar Traders v. State of Maharashtra and Ors. cited by 17
1959 Deep Chand v. The State of Uttar Pradesh and Others cited by 13
2011 Offshore Holdings Pvt. Ltd. v. Bangalore Development Authority & Ors. cited by 10
1961 Union of India v. Mohindra Supply Company cited by 10
1963 Pandit Ukha Kolhe v. The State of Maharashtra cited by 7
1990 Vijay Kumar Sharma & Ors. Etc. v. State of Karnataka & Ors. Etc. cited by 5

Where later benches applied it

2026 Elegna Co-op. Housing and Commercial Society Ltd. v. Edelweiss Asset Reconstruction Company Limited & Anr. relied on
2023 M. Suresh Kumar Reddy v. Canara Bank & Ors. relied on
2022 Har Naraini Devi & Anr v. Union of India & Ors. relied on
2022 Asset Reconstruction Company (india) Limited v. Tulip Star Hotels Limited & Ors. relied on
2022 Nedumpilli Finance Company Limited v. State of Kerala & Ors. relied on
2021 Forum for People’s Collective Efforts (fpce) & Anr. v. The State of West Bengal & Anr. relied on
2021 Sesh Nath Singh & Anr. v. Baidyabati Sheoraphuli Co-operative Bank Ltd. and Anr. relied on
2021 A. Navinchandra Steels Private Limited v. Srei Equipment Finance Limited & Ors. relied on
2020 M/s. Radha Exports (india) Pvt. Limited v. K.P. Jayaram & Anr. relied on
2020 Babulal Vardharji Gurjar v. Veer Gurjar Aluminium Industries Pvt. Ltd. & Anr. relied on
2019 M/s Embassy Property Developments Pvt. Ltd.v. State of Karnataka & Ors. v. State of Karnataka & Ors relied on
2019 Committee of Creditors of Essar Steel India Limited through Authorised Signatory v. Satish Kumar Gupta & Ors. relied on
2018 Arcelormittal India Private Limited v. Satish Kumar Gupta & Ors. relied on
2026 Anurag Krishna Sinha v. State of Bihar referred to
2025 National Spot Exchange Limited v. Union of India & Ors. referred to
2025 M/s Jsw Steel Limited v. Pratishtha Thakur Haritwal & Ors. referred to
2024 Naeem Bano Alias Gaindo v. Mohammad Rahees & Anr. referred to
2024 State Bank of India & Ors. v. The Consortium of Mr. Murari Lal Jalan and Mr. Florian Fritsch & Anr. referred to
2024 Insolvency and Bankruptcy Board of India v. Satyanarayan Bankatlal Malu & Ors. referred to
2023 Paschimanchal Vidyut Vitran Nigam Ltd. v. Raman Ispat Private Limited & Ors. referred to
2023 Moser Baer Karamchari Union Thr. President Mahesh Chand Sharma v. Union of India and Ors. referred to
2023 Sabarmati Gas Limited v. Shah Alloys Limited referred to
2022 Punjab National Bank v. Mr. Vijay Sitaram Dandnaik & Anr. referred to
2022 M/s. R.K. Industries (unit-ii) Llp v. M/s. H.R. Commercials Private Limited and Other referred to
2022 Vijay Madanlal Choudhary & Ors. v. Union of India & Ors. referred to
2022 Vidarbha Industries Power Limited v. Axis Bank Limited referred to
2022 Indian Overseas Bank v. M/s Rcm Infrastructure Ltd. and Another referred to
2022 M/s Consolidated Construction Consortium Limited v. M/s Hitro Energy Solutions Private Limited referred to
2021 E S Krishnamurthy & Ors. v. M/s Bharath Hi Tech Builders Pvt. Ltd. referred to
2021 Ebix Singapore Private Limited v. Committee of Creditors of Educomp Solutions Limited & Anr. referred to
2021 Dena Bank (now Bank of Baroda) v. C. Shivakumar Reddy and Anr. referred to
2021 M/s Orator Marketing Pvt. Ltd. v. M/s Samtex Desinz Pvt. Ltd. referred to
2021 Ghanashyam Mishra and Sons Private Limited through the Authorized Signatory v. Edelweiss Asset Reconstruction Company Limited through the Director & Ors. referred to
2021 Indus Biotech Private Limited v. Kotak India Venture (offshore) Fund (earlier Known as Kotak India Venture Limited) & Ors. referred to
2021 Kalpraj Dharamshi & Anr. v. Kotak Investment Advisors Ltd. & Anr. referred to
2021 Gujarat Urja Vikas Nigam Limited v. Mr. Amit Gupta & Ors. referred to
2021 Kridhan Infrastructure Pvt. Ltd. (now Known as Krish Steel and Trading Pvt Ltd) v. Venkatesan Sankaranarayan & Ors. referred to
2021 Manish Kumar v. Union of India and Another referred to
2019 Duncans Industries Ltd. v. A. J. Agrochem referred to
2019 Department of Customs v. Sharad Gandhi referred to
2019 K. Sashidhar v. Indian Overseas Bank & Ors. referred to
2019 Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India & Ors. referred to
2018 B.K. Educational Services Private Limited v. Parag Gupta and Associates referred to

Of those, 13 relied on · 30 referred to

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