Supreme Court of India

The Karad Urban Cooperative Bank Ltd. v. Swwapnil Bhingardevay & Ors.

Neutral citation
Reported as [2020] 13 S.C.R. 465
Bench S. A. Bobde, A. S. Bopanna and V. Ramasubramanian JJ.
Decided 4 September 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.

3 Supreme Court benches have cited this judgment.

From the headnote

Insolvency and Bankruptcy Code, 2016: Appellant fina ncial creditor filed s.7 application before NCLT against corpor ate debtor – Committee of Creditors (CoC) resolved to approve the Re solution Plan submitted by one M/s Sai Agro – On the basis of approv al of Resolution Plan, Resolution Professional moved an application before NCLT – At this stage, the Director/Promoter of corporate debtor also came up with an application seeking permissio n to file Resolution Plan – NCLT rejected the application of corporate debtor and approved Resolution Plan submitted by M/s Sai Agro – Thus, M/s Sai Agro

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