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Supreme Court of India

Eva Agro Feeds Private Limited v. Punjab National Bank and Anr.

Neutral citation
Reported as [2023] 13 S.C.R. 861
Bench B.V. Nagarathna J.
Decided 6 September 2023
Status Distinguished

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.

What the Court ordered

We are of the view that persons who act jointly or in concer t with others are connected with the business activity of the resolution 8 (2019) 4 SCC 17 EVA AGRO FEEDS PRIVATE LIMITED v.

Judgment, page 41

From the headnote

Issue for consideration: Appellate Tribunal whether justifi ed in upholding the decision of the Liquidator to cancel the auction sale without assigning any reasons. Insolvency and Bankruptcy Code, 2016 – Auction sale cancelled by Liquidator without assigning any reasons – Appellant submitted its bid dtd.16.07.21 to Respondent No.2-Liquidator in respect of the assets of the corporate debtor (in liquidation) – On 20.07.21, appellant received an -auction certifi cate from certifying that it had won the auction of the subject property– On 21.07.21, the appellant received an email from Respondent

Authorities it was built on

Where later benches applied it

Of those, 1 distinguished · 1 referred to

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