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Supreme Court of India

Committee of Creditors of Essar Steel India Limited through Authorised Signatory v. Satish Kumar Gupta & Ors.

Neutral citation
Reported as [2019] 16 S.C.R. 275
Bench R. F. Nariman, Surya Kant and V . Ramasubsramanian JJ.
Decided 15 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.

28 Supreme Court benches have cited this judgment.

From the headnote

Insolvency and Bankruptcy Code, 2016 – Corporate Insolvency Resolution Process – Power of Committee of creditors to approve resolution plan - On facts, resolution p lans for Corporate debtor-Essar Steel India Limited – In CIRP of cor porate debtor, ArcelorMittal India was successful resoluti on applicant – Resolution plan of ArcelorMittal specifically provi ding for an upfront payment of INR 35,000 crores in order to re solve debts amounting to INR 42,213 crores – Approval of final resolution plan of Arcelor Mittal by Committee of Creditors – Initiati on of several proceedings – NCLT allowed

Authorities it was built on

Where later benches applied it

Of those, 9 relied on · 19 referred to

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