Supreme Court of India
Ramesh Kymal v. M/s Siemens Gamesa Renewable Power Pvt. Ltd.
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.
From the headnote
Insolvency and Bankruptcy Code, 2016 – Embargo in s.10A – Applicability of – Application u/s.9 filed before 05 June 2020, in respect of a default which had occurred after 25 Ma rch 2020 – Maintainability of, in view of insertion of s.10A(insert ed by Act 17 of 2020) with retrospective effect from 05 June 2020 – App lication held not maintainable by NCLT – Decision affirmed by NCLAT – On appeal, held:Language of the provision is not alway s decisive of its prospective or retrospective application rather its object must also be taken into account – Expression “from such date” in s.1 0A
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