Supreme Court of India
M/s. R.K. Industries (unit-ii) Llp v. M/s. H.R. Commercials Private Limited and Other
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
Accordingly, we direct that the process of private negotiations that had commenced on 24th August, 2021, shall be taken to its logical end and 719 brought to a closure by the respondent No.2 – Liquidator within four weeks from the date of passing of this order.
Judgment, page 52
From the headnote
Insolvency and Bankruptcy Code, 2016 – ss.7, 33, 34 , 35, 61 – Insolvency and Bankruptcy (Application to Adju dicating Authority) Rules, 2016 – r.4 – Insolvency and Bankruptcy Bo ard of India (Liquidation Process) Regulations, 2016 – Regulations 8, 31A, 32, 33, 33(2)(d), Schedule-I u/Regulation 33 – Guja rat Maritime Board (GMB) leased out a parcel of land to Corporate De btor for a period of thirty years – ICICI Bank Ltd. moved an application for initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor – Interim Resolution Professional (IR P) was appointed –
Authorities it was built on
- 1986 State of Madhya Pradesh & Ors. v. Nandlal Jaiswal & Ors.
- 1994 Tata Cellular v. Union of India
- 2019 Swiss Ribbons Pvt. Ltd. & Anr. v. Union of India & Ors.
- 2017 M/s. Innoventive Industrles Ltd. v. Icici Bank & Anr.
- 2019 Committee of Creditors of Essar Steel India Limited through Authorised Signatory v. Satish Kumar Gupta & Ors.
- 1972 State of Orissa and Ors. v. Harinarayan Jaiswal and Ors.
- 2019 K. Sashidhar v. Indian Overseas Bank & Ors.
- 2018 Arcelormittal India Private Limited v. Satish Kumar Gupta & Ors.
- 2006 M/s. B.S.N. Joshi and Sons Ltd. v. Nair Coal Services Ltd. and Ors.
- 2016 Afcons Infrastructure Ltd. v. Nagpur Metro Rail Corporation Ltd. & Anr.
- 2000 Air India v. Cochin International Airport Ltd
- 2016 Montecarlo Ltd. v. Ntpc Ltd.
- 1993 Sterling Computers Limited Etc. v. M & N Publications Limited and Ors.
- 1996 Laxmikant and Ors. v. Satyawan and Ors.
- 2003 5 M & T Consultants, Secunderabad v. S.Y. Nawab and Anr.
- 2016 State of Jharkhand & Ors. v. M/s Cwe-soma Consortium
- 2002 Mauleshwar Mani and Ors. v. Jagdish Prasad and Ors.
- 2022 National High Speed Rail Corporation Limited v. Montecarlo Limited & Anr
- 2009 Ravi Development v. Shree Krishna Prathisthan & Ors.
Where later benches applied it
Of those, 1 referred to
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