Supreme Court of India

Mishra and S. Ravindra Bhat, Jj.] v. Rave Scans Pvt. Ltd. & Ors.

Neutral citation
Reported as [2019] 13 S.C.R. 1127
Bench Arun Mishra and S. Ravindra Bhat JJ.
Decided 8 November 2019

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.

What the Court ordered

In view of the foregoing discussion, the appeal succeeds and is allowed.

Judgment, page 9

From the headnote

Insolvency and Bankruptcy Code, 2016 – ss.10 and 30 – Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 – regn.38 – Corporate Insolvency Resolution Process (CIRP) was initiated against the corporate debtor u/s.10 of the IBC – The appella nt was the resolution applicant of the corporate debtor, whose l iquidation value was ascertained as 36 crores and against the said amount appellant offered 54 crores to revive the corporate debtor in terms of the resolution plan – The resolution plan was re vised by the appellant, which was

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