Supreme Court of India
Mr. Anand Rao Korada Resolution Professional v. M/s. Varsha Fabrics (p) Ltd. & Ors.
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.
1 Supreme Court bench has cited this judgment.
From the headnote
Insolvency and Bankruptcy Code, 2016 – ss.7, 13, 14 , 231 and 238 – Respondent No.5 divested its 100% shareho lding in respondent No.4 in favour of respondent Nos.1 to 3 – Re spondent No.4 shut down its factory – Respondent No.13-Worke rs’ Union filed writ petition and sought payment of arrears a nd current salaries of the workmen – High Court directed Labou r court to quantify the amount payable to workmen – During the pendency of the writ petition, a financial creditor filed peti tion u/s 7 of the IBC, 2016 before NCLT for initiation of the Corporate Insolvency Resolution Process (CRPF)
Where later benches applied it
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