Supreme Court · 2018 INSC 681 · Decided 9 August 2018

Chitra Sharma and ORS. v. Union of India and ORS.

Court
Supreme Court of India
Citation
2018 INSC 681 · [2018] 12 S.C.R. 1044
Case number
WRIT PETITION (CIVIL) No. 744/2017
Decided
9 August 2018
Bench
DIPAK MISRA, D.Y. CHANDRACHUD, A.M. KHANWILKAR (3-judge bench)
Outcome
Leave Granted & Disposed off
Case type
Writ / Constitutional
Acts & sections cited
Constitution Article 32; IBC Section 3(30), 3(31), 5(7), 5(8), 7, 17, 18, 20

Headnote

Insolvency and Bankruptcy Code, 2016 - ss.3(30), 3(31), 5(7), 5(8), 7, 17, 18, 20, 21(6) and 21(6A)(b) - JIL, a high-tech township developer defaulted in repayment of its dues to IDBI bank - Bank sought the initiation of a Process (CIRP) against JIL - For submission of claims, JIL separated home buyers from financial and operational creditors - Writ Petition by home buyers who pleaded that their interest was getting ignored as only financial and operational creditors were recognized by CIRP -

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