Supreme Court · 2021 INSC 187 · Decided 15 March 2021
Arun Kumar Jagatramka v. Jindal Steel and Power LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- 2021 INSC 187 · [2021] 3 S.C.R. 114
- Case number
- CIVIL APPEAL No. 9664/2019
- Decided
- 15 March 2021
- Bench
- D.Y. CHANDRACHUD, M.R. SHAH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 230to232; IBC Section 29A, 35(1)(f)
Headnote
Insolvency and Bankruptcy Code, 2016: s. 29A - Person not eligible to be resolution applicant - Eligibility of promoter to file application for compromise and arrangement, while he is ineligible u/s. 29A to On facts, application by GNCL, corporate debtor for initiating the Corporate Insolvency Resolution Process admitted and the appellant-promoter of GNCL submitted a resolution plan for GNCL - However, due to insertion of s. 29A, which disqualifies a person from being a resolution applicant if
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