Supreme Court of India

Amit Katyal v. Meera Ahuja and Others

Neutral citation
Reported as [2022] 4 S.C.R. 389
Bench M. R. Shah and B. V. Nagarathna JJ.
Decided 3 March 2022

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.

1 Supreme Court bench has cited this judgment.

What the Court ordered

In view of the above and for the reasons stated above, IA No. 18679/2022 in Civil Appeal No. 3778/2020 filed by respondent Nos. 1 to 3 herein (original applicants before the NCLT/Adjudicating Authority) is allowed.

Judgment, page 15

From the headnote

Insolvency and Bankruptcy Code, 2016: s.7 – Respond ent no. 4-corporate debtor came out with a housing project – Howe ver, could not complete the project even after a period of eigh t years – Respondent nos.1 to 3 (original applicants) who wer e the home buyers preferred s.7 application before NCLT seeking i nitiation of CIRP against Corporate Debtor – Original applicants sought refund of an amount of Rs.6,93,02,755/- due to an inordina te delay in completion of project and failure to handover posse ssion within the stipulated time – The said application was filed on 06.1 2.2018, i.e., prior

Authorities it was built on

Where later benches applied it

Of those, 1 mentioned

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