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Supreme Court of India

Punjab National Bank v. Mr. Vijay Sitaram Dandnaik & Anr.

Neutral citation
Reported as [2022] 18 S.C.R. 380
Bench S. Abdul Nazeer and V. Ramasubramanian JJ.
Decided 30 August 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.

What the Court ordered

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Judgment, page 9

From the headnote

Insolvency and Bankruptcy Code, 2016: ss. 7, 238A – Limitation Act, 1963 – Art. 137 – Initiation of corporate insolv ency resolution process by financial creditor – Limitatio n period – On facts, corporate debtor defaulted in repayment and b ecame a NPA – Financial creditor-Bank filed a petition u/s. 7 to initiate Cor porate insolvency resolution process against the Corporate Debtor – ank also filed application before DRT for issue of certificat e of recovery, wherein by order dated 01.11.2016, the DRT directed the corporate debtor and others including respondent no. 1 to jointly and

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