Supreme Court of India
Greater Noida Industrial Development Authority v. Prabhjit Singh Soni & Anr.
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1 Supreme Court bench has cited this judgment.
What the Court ordered
We are of the considered view that the appeals of the appellant are entitled to be allowed and are accordingly allowed.
Judgment, page 30
From the headnote
Issue for Consideration Whether in exercise of powers under s.60(5), Insolvency and Bankruptcy Code, 2016, the Adjudicating Authority-NCLT can recall an order of approval passed under s.31(1) of the IBC; whether the application for recall of the order was barred by time; whether the resolution plan put forth by the resolution applicant did not meet the requirements of s.30(2) of the IBC read with Regulations 37 and 38 of the CIRP Regulations, 2016 and; what relief, if any, the appellant is entitled to. Headnotes Insolvency and Bankruptcy Code, 2016 – ss.30(2), 31(1), 60(5) – The Insolvency
Authorities it was built on
- 2011 State of Punjab v. Davinder Pal Singh Bhullar & Ors. Etc
- 2021 Ghanashyam Mishra and Sons Private Limited through the Authorized Signatory v. Edelweiss Asset Reconstruction Company Limited through the Director & Ors.
- 2021 Jaypee Kensington Boulevard Apartments Welfare Association & Ors. v. Nbcc (india) Ltd. & Ors.
- 1999 Sri Budhia Swain and Ors. v. Gopinth Deb and Ors.
- 1980 Grindlays Bank Ltd. v. Central Government Industrial Tribunal and Ors.
- 2021 In Re: Cognizance for Extension of Limitation v..
- 2022 New Okhla Industrial Development Authority v. Anand Sonbhadra
Where later benches applied it
- 2026 Alpha Corp Development Private Limited v. Greater Noida Industrial Development Authority (gnida)
Of those, 1 referred to
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