Supreme Court · 2023 INSC 15 · Decided 5 January 2023
M/S. Shekhar Resorts Limited (Unit of Orient Taj) v. Union of India
- Court
- Supreme Court of India
- Citation
- 2023 INSC 15 · [2023] 1 S.C.R. 1111
- Case number
- CIVIL APPEAL No. 8957/2022
- Decided
- 5 January 2023
- Bench
- M.R. SHAH, B.V. NAGARATHNA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226; IBC
Headnote
Insolvency and Bankruptcy Code, 2016 : Deposit of settlement amount under the 2019 Scheme, during moratorium - When impossible in view of the bar under the IBC - Appellant-corporate debtor, if can be made to suffer for no fault of its own and rendered rememediless - On facts, of the appellant u/s. 7 - Corporate Insolvency Resolution Process against the appellant - Appellant subjected to moratorium - Thereafter, Resolution plan approved and the appellant applied for "Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019 - Appellant could
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