Supreme Court · 2023 INSC 500 · Decided 4 May 2023
M/S Vistra Itcl (India) LTD & ORS. v. MR. Dinkar Venkatasubramanian & ANR.
- Court
- Supreme Court of India
- Citation
- 2023 INSC 500 · [2023] 6 S.C.R. 806
- Case number
- CIVIL APPEAL No. 3606/2020
- Decided
- 4 May 2023
- Bench
- M.R. SHAH, SANJIV KHANNA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- IBC Section 30, 52, 53, 3(31)
Headnote
Insolvency and Bankruptcy Code, 2016: ss. 30, 52 and 53 - Claim of the appellant as financial creditor of the corporate debtor on basis of the pledged shares - Entitlement to - On facts, corporate debtor approached the appellants term loan facility to its group companies for the ultimate end use of the corporate debtor - It was an understanding that the corporate debtor would create first ranking exclusive security by way of pledging shares held by the corporate debtor - Execution of Security Trustee
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