Supreme Court · 2022 INSC 150 · Decided 4 February 2022
M/S Consolidated Construction Consortium Limited v. M/S Hitro Energy Solutions Private Limited
- Court
- Supreme Court of India
- Citation
- 2022 INSC 150 · [2022] 2 S.C.R. 212
- Case number
- CIVIL APPEAL No. 2839/2020
- Decided
- 4 February 2022
- Bench
- D.Y. CHANDRACHUD, SURYA KANT, VIKRAM NATH (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 13, 4; Limitation Act; IBC Section 5(20), 5(21), 8(1), 8, 9, 2016, 3(12), 5(1)
Headnote
Insolvency and Bankruptcy Code, 2016: ss.5(20), 5(21), 8(1) - Operational creditor - Meaning of - Appellant was engaged by CMRL for a project - For the said project, contract for supply of light fittings with a Proprietary Concern (P.C.) - CMRL, on appellant's behalf, paid a sum of Rs 50 lakhs to P.C. as an advance - However, CMRL terminated its project with the appellant - The communication of termination was given to P.C., however
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