Supreme Court of India
Mohammed Enterprises (tanzania) Ltd. v. Farooq Ali Khan & Ors.
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1 Supreme Court bench has cited this judgment.
What the Court ordered
In view of the above, we allow these appeals and set aside the final judgment and order passed by the High Court in Writ Petition No. 483 of 2023 (GM-RES) dated 22.04.2024.
Judgment, page 7
From the headnote
Issue for Consideration Whether the High Court was justified in interdicting CIRP proceedings under the Insolvency and Bankruptcy Code. Headnotes† Insolvency and Bankruptcy Code, 2016 – s.60(5)(c) – The High Court exercised the power of judicial review and interdicted Corporate Insolvency Resolution Process – Correctness: Held: The jurisdiction and power of the Adjudicating Authority under Section 60(5)(c) has already been reiterated by this Court in its various decisions – In the instant case, it is important to note that CIRP proceedings commenced on 26.10.2018, six years ago, and the
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