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Supreme Court of India

Kotak Mahindra Bank Limited v. A. Balakrishnan & Anr.

Neutral citation
Reported as [2022] 5 S.C.R. 1072
Bench L. Nageswara Rao, B. R. Gavai and A. S. Bopanna JJ.
Decided 30 May 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.

2 Supreme Court benches have cited this judgment.

From the headnote

Insolvency and Bankruptcy Code, 2016 : ss. 3, 5, 6, 7 and 14 – Corporate Insolvency Resolution Process (CIRP) – Initiation of – Issuance of Recovery Certificate, if would trigger the ri ght to sue – On facts, respondent No.2-corporate debtor stood as the c orporate guarantor in respect of credit facilities sanctioned to th e borrower entities by the appellant Bank – Default in payment of due s by the borrower entities – Compromise between the parties that the corporate debtor liable to pay the amount due from the borrower entities to the Bank, however failure to make payment – In terms of the

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Where later benches applied it

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