Supreme Court of India

Sesh Nath Singh & Anr. v. Baidyabati Sheoraphuli Co-operative Bank Ltd. and Anr.

Neutral citation
Reported as [2021] 3 S.C.R. 806
Bench Indira Banerjee and Hemant Gupta JJ.
Decided 22 March 2021

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.

13 Supreme Court benches have cited this judgment.

From the headnote

Insolvency and Bankruptcy Code, 2016: Object and Reasons of the enactment of the Code – Held : Is to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner, for maximization of the value of the assets of suc h persons, to promote entrepreneurship, availability of credit and to balance the interest of all the stakeholders. Insolvency and Bankruptcy Code, 2016: s.7 – Applica tion under – When any corporate debtor commits a default, a financ ial creditor, an operational creditor or the

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