Supreme Court of India
M/s Consolidated Construction Consortium Limited v. M/s Hitro Energy Solutions Private Limited
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1 Supreme Court bench has cited this judgment.
From the headnote
Insolvency and Bankruptcy Code, 2016: ss.5(20), 5(21), 8( 1) – Operational creditor – Meaning of – Appellant was engaged by CMRL for a project – For the said project, appellant entere d into a contract for supply of light fittings with a Proprietary Concern (P. .) – CMRL, on appellant’s behalf, paid a sum of Rs 50 lakhs to P. . as an advance – However, CMRL terminated its project w ith the appellant – The communication of termination was gi ven to P. ., however P. . encashed the cheque for Rs 50 lakhs – Appellant paid the sum of Rs 50 lakhs to CMRL and requested P. . to make the payment –
Authorities it was built on
- 2017 M/s. Innoventive Industrles Ltd. v. Icici Bank & Anr.
- 2019 Pioneer Urban Land and Infrastructure Limited & Anr. v. Union of India & Ors.
- 2018 B.K. Educational Services Private Limited v. Parag Gupta and Associates
- 2017 Mobilox Innovations Private Limited v. Kirusa Software Private Limited
- 2021 Kay Bouvet Engineering Ltd. v. Overseas Infrastructure Alliance (india) Private Limited
Where later benches applied it
Of those, 1 referred to
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