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Supreme Court of India

Babulal Vardharji Gurjar v. Veer Gurjar Aluminium Industries Pvt. Ltd. & Anr.

Neutral citation
Reported as [2020] 13 S.C.R. 368
Bench A.M. Khanwilkar and Dinesh Maheshwari JJ.
Decided 14 August 2020

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.

14 Supreme Court benches have cited this judgment.

What the Court ordered

In view of the above, this appeal is allowed to the ext ent indicated and with the observations foregoing.

Judgment, page 59

From the headnote

Insolvency and Bankruptcy Code, 2016 – ss.7 and 238 - – Limitation Act, 1963 – s.18 and Art.137 – On or about 22.12.2007, the Lender Banks sanctioned and extended various loans, advances and facilities to the corporate debtor-respondent n o.1 – The respondent no.1 defaulted in payment of the amount due against such loans, advances and facilities, its account was classified as Non-Performing Asset on 08.07.2011 – Recovery proce edings against the corporate debtor by the consortium of lenders u/ s.19 of the Recovery of Debts due to the Banks and Financia l Institution Act, 1993 before the DRT

Authorities it was built on

Where later benches applied it

Of those, 14 mentioned

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