Case Law Details
Case Name : M/s. Innoventive Industries Ltd. Vs. Versus Icici Bank & Anr. (Supreme Court)
Related Assessment Year :
Courts :
Supreme Court of India
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Akash Sharma
In the case of M/s. Innoventive Industries Ltd. Vs. Versus Icici Bank & Anr. Hon’ble Supreme Court has passed a comprehensive judgement which settles some nagging issues in the Insolvency and Bankruptcy Code. There are certain flaws observed at para 11 the following,
“11. Having heard learned counsel for both the parties, we find substance in the plea taken by Shri Salve that the present appeal at the behest of the erstwhile directors of the appellant is not maintainable. Dr. Singhvi stated that this is a technical point and he could move an application to amend th...
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Honourable SC Court reviewd Bankruptcy law in Jaypee Infrastech case by keeping interest alive of investors & restored the Management. But remember that most of the Owners are playing with Creditors money & need no sympathy.