Supreme Court · 2018 INSC 1196 · Decided 12 December 2018
Jaipur Metals & Electricals Employees Organization Through General Secretary MR. Tej Ram Meena v. Jaipur Metals & Electricals LTD. Through Its Managing Director & ORS.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 1196 · [2018] 14 S.C.R. 926
- Case number
- CIVIL APPEAL No. 12023/2018
- Decided
- 12 December 2018
- Bench
- R.F. NARIMAN, M.R. SHAH (2-judge bench)
- Outcome
- Leave granted
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 434, 433, 433(f); IBC Section 7, 238
Headnote
Insolvency and Bankruptcy Code, 2016 - ss.7, 238 - Respondent No.1-company became a non-performing asset - Board for Reconstruction (BIFR) was of prima facie opinion that the company ought to be wound up and same was forwarded to the High Court - High Court registered the case as a Company Petition - Respondent No.3 acquired financial debts of Respondent No.1 - After some time, respondent
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