Supreme Court · [2019] 14 S.C.R. 312 · Decided 6 November 2019
Jaiprakash Associates LTD. & ANR. v. Idbi Bank LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- [2019] 14 S.C.R. 312
- Case number
- CIVIL APPEAL No. 8437/2019
- Decided
- 6 November 2019
- Bench
- A.M. KHANWILKAR, DINESH MAHESHWARI (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Constitution Article 142; IBC Section 7
Headnote
Insolvency and Bankruptcy Code, 2016: s. 7 - Corporate Insolvency Resolution Process - Power of the NCLT or NCLAT to exclude any period for purpose of counting 270 days Corporate Resolution Process period - Power to invite fresh resolution plans after period for completion of CIRP - On facts, Bank filing application u/s. 7 of the Code against appellant company before NCLT as the company had turned NPA (Non-Performing Asset) - During pendency, writ petition by home buyers concerning the stated project - Meanwhile issuance of
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