Case Law Details
Case Name : Phoenix Arc Private Limited Vs Spade Financial Services Limited (Supreme Court)
Related Assessment Year :
Courts :
Supreme Court of India
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Insolvency and Bankruptcy Board of India
7th Floor, Mayur Bhawan, Connaught Place, New Delhi -110001
3rd February, 2021
Subject: Judgment1 dated 1st February, 2021 of the Hon’ble Supreme Court of India in the matter of Phoenix Arc Private Limited Vs. Spade Financial Services Limited & Ors. [Civil Appeal No. 2842 of 2020 with Civil Appeal No. 3063 of 2020]
While disposing of the appeal against the Order dated 27th January, 2020 of the NCLAT, the Hon’ble Supreme held as under:
Sl. No.
Issue / Theme
Held
Para / Page No.
1
Res judicata
The NCLT, vide an order on 31st May, 2018, allowe...
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Very Nicely Summarised