Supreme Court · 2024 INSC 1029 · Decided 19 December 2024

China Development Bank v. Doha Bank Q.P.S.C. & ORS.

Court: Supreme Court of India
Citation: 2024 INSC 1029 · [2024] 12 S.C.R. 2043
Case number: No. 7298/2022
Decided: 19 December 2024
Bench: ABHAY S. OKA, PANKAJ MITHAL
Acts & sections cited: Contract Act; IBC Section 5(7), 5(8)

Headnote

Whether the appellants can be classified as 'Financial Creditors' within the meaning of s.5(7) of the Insolvency and Bankruptcy Code, 2016. Insolvency and Bankruptcy Code, 2016 - ss.5(7), 5(8) - 'Financial creditors' - Guarantee as financial debt - Requirement of occurrence of default - 1st respondent-bank claims to be a direct lender and secured financial creditor of reliance RITL- Corporate debtor - Corporate Insolvency Resolution Process initiated by National Company Law

Search related judgments

Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)