Supreme Court · 2025 INSC 124 · Decided 29 January 2025
Independent Sugar Corporation LTD. v. Girish Sriram Juneja & ORS.
- Court
- Supreme Court of India
- Citation
- 2025 INSC 124 · [2025] 1 S.C.R. 1782
- Case number
- CIVIL APPEAL No. 6071/2023
- Decided
- 29 January 2025
- Bench
- HRISHIKESH ROY, SUDHANSHU DHULIA, SARASA VENKATANARAYANA BHATTI (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- IBC Section 31(4), 30(2)(e), 30(3), 30(4), 34(4)(a)
Headnote
Whether the approval of a proposed combination by the Competition Commission of India (CCI) must mandatorily precede the approval of the Resolution Plan, by the Committee of Creditors (CoC), as stipulated under the proviso to Section 31(4) of Code, 2016. Insolvency and Bankruptcy Code, 2016 - s.31(4) proviso - If mandatory or directory - Corporate Insolvency Resolution Process of 'HNGIL', the Corporate Debtor/Target Company with a 60% market share of the glass packaging industry
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)