Supreme Court of India
Phoenix Arc Pvt. Ltd. v. Ketulbhai Ramubhai Patel
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.
4 Supreme Court benches have cited this judgment.
From the headnote
Insolvency and Bankruptcy code, 2016 – ss. 5(7), 5( 8), 3 and 60 – Contract Act, 1872 – ss.124, 126 and 172 – L&T Infrastructure Finance company advanced the financi al facility to ‘ ’ – facility agreement was executed between ‘ ’ (borrower) and L&T Infrastructure Finance company (lender) – L ender advanced to borrower Rs.40 crores – ‘DV’ (corporate debtor) gave an undertaking in favour of L&T Infrastructure Finance to the effect that 100% of their shareholding in GEL shall not be disposed of so long as any amounts were due and payable and outstanding under the financial assistance proposed
Authorities it was built on
Where later benches applied it
- 2026 Canara Bank Overseas Branch v. Archean Industries Private Ltd.
- 2024 China Development Bank v. Doha Bank Q.P.S.C. & Ors.
- 2023 M/s Vistra Itcl (india) Ltd & Ors. v. Mr. Dinkar Venkatasubramanian & Anr.
- 2022 Maitreya Doshi v. Anand Rathi Global Finance Ltd. and Anr.
Of those, 2 referred to · 2 mentioned
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