Supreme Court of India
Maitreya Doshi v. Anand Rathi Global Finance Ltd. and Anr.
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 – ss.7, 62 – Corporate Insolvency Resolution Process – Respondent No. 1, a NBFC- Financial Creditor disbursed loan to the tune of Rs.6 Crores to M/ s Premier Ltd. – Doshi Holdings pledged shares held by it in Premier, in favour of the Financial Creditor, by way of security for the loan – Premier failed to make repayments – Financial Cred itor called upon Premier and Doshi Holdings, to pay the entire ou tstanding loan amount – Premier admitted and acknowledged its liability to pay its outstanding dues, but stated that it could not pay the s ame on account of
Authorities it was built on
- 1999 S.I. Rooplal and Anr. v. Lt. Governor through Chief Secretary, Delhi and Ors.
- 2020 Anuj Jain Interim Resolution Professional for Jaypee Infratech Limited v. Axis Bank Limited Etc. Etc.
- 2021 Phoenix Arc Pvt. Ltd. v. Ketulbhai Ramubhai Patel
- 1999 Bharat Barrel and Drum Manufacturing Co. v. Amin Chand Peyarelal
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.
- 2024 Brs Ventures Investments Ltd. v. Srei Infrastructure Finance Ltd. & Anr.
Of those, 3 referred to
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