Supreme Court · 2018 INSC 935 · Decided 4 October 2018
Arcelormittal India Private Limited v. Satish Kumar Gupta & ORS.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 935 · [2018] 12 S.C.R. 362
- Case number
- CIVIL APPEAL No. 9402/2018
- Decided
- 4 October 2018
- Bench
- R.F. NARIMAN, INDU MALHOTRA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Constitution Article 142; Companies Act; IBC Section 29A, 29A(c), 3(37)
Headnote
Insolvency and Bankruptcy Code, 2016: s.29A - Issue relates to ineligibility of resolution applicants to submit resolution plans after the introduction of s.29A into the Code - Petition filed under the Code for financial debts owed to the debtor ESIL for Rs.45,000 crores - RP (Resolution Professional) invited an expression of interest from potential resolution applicants - Appellant (AMIPL) and one entity Numetal submitted expression of interest - Submission of resolution plan by AMIPL and Numetal -
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