Supreme Court · 2022 INSC 584 · Decided 18 May 2022
Indian Overseas Bank v. M/S RCM Infrastructure LTD. and Another
- Court
- Supreme Court of India
- Citation
- 2022 INSC 584 · [2022] 7 S.C.R. 1090
- Case number
- CIVIL APPEAL No. 4750/2021
- Decided
- 18 May 2022
- Bench
- L. NAGESWARA RAO, BHUSHAN RAMKRISHNA GAVAI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- IBC Section 238, 10, 14, 14(1)(c); SARFAESI Act
Headnote
Insolvency and Bankruptcy Code, 2016: ss. 238, 10, 14 - Provisions of the Code to override other laws - On facts, corporate debtor filed an insolvency petition u/s. 10 on 22.10.2018 - NCLT admitted the petition on 03.01.2019, and Interim Resolution Professional was appointed - Meanwhile the appellant bank issued the second E-auction notice on 27.11.2018, to recover the public money availed by the corporate debtor - Thereafter, E-auction was held by the Bank, the properties were sold, sale certificate was
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