Supreme Court · 2019 INSC 1136 · Decided 4 October 2019
Duncans Industries LTD. v. A. J. Agrochem
- Court
- Supreme Court of India
- Citation
- 2019 INSC 1136 · [2019] 12 S.C.R. 830
- Case number
- CIVIL APPEAL No. 5120/2019
- Decided
- 4 October 2019
- Bench
- ARUN MISHRA, M.R. SHAH, BHUSHAN RAMKRISHNA GAVAI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- IBC Section 7, 9, 238
Headnote
Insolvency and Bankruptcy Code, 2016: ss. 7, 9 and 238 - Application for initiation of corporate insolvency resolution process by operational creditor - On facts, appellant-operational debtor managing 14 tea gardens, out of which, Central Government in exercise of power Tea Act, took control of 7 gardens - Appellant defaulted in making payment to respondent-operational creditor against the pesticides supplied by the respondent - Initiation of insolvency proceedings u/s. 9 by the respondent against the appellant - NCLT held that the
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