Supreme Court of India
M/s. Ifci Limited v. Sutanu Sinha & Ors.
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1 Supreme Court bench has cited this judgment.
From the headnote
Issue for consideration: Whether the Compulsorily Convertible Debentures-CCDs with a “put option” and in the event of default on part of ICTL-borrower during the window period, can be said to be really a debt and not an equity. Insolvency and Bankruptcy Code, 2016 – s. 62 – Appe al to Supreme Court – Jurisdiction u/s. 62 – Compulsorily Convertible Debentures-CCDs to be categorised as debt or an equ ity – On facts, project awarded in terms of Concession Agreeme nt executed between the Authority and IVRCL-ICTL – ICTL was a su bsidiary company of IVRCL holding 100 per cent share capital of ICTL
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Where later benches applied it
- 2024 State Bank of India & Ors. v. The Consortium of Mr. Murari Lal Jalan and Mr. Florian Fritsch & Anr.
Of those, 1 referred to
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