Supreme Court · 2022 INSC 1004 · Decided 22 September 2022
Maitreya Doshi v. Anand Rathi Global Finance LTD. and ANR.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 1004 · [2022] 15 S.C.R. 536
- Case number
- CIVIL APPEAL No. 6613/2021
- Decided
- 22 September 2022
- Bench
- INDIRA BANERJEE, J.K. MAHESHWARI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- IBC Section 7, 62
Headnote
Insolvency and Bankruptcy Code 2016 - ss.7, 62 - Corporate Insolvency Resolution Process - Respondent No. 1, a NBFC- Financial Creditor disbursed loan to the tune of Rs.6 Crores to M/ s Premier Ltd. - Doshi Holdings pledged Premier, in favour of the Financial Creditor, by way of security for the loan - Premier failed to make repayments - Financial Creditor called upon Premier and Doshi Holdings, to pay the entire outstanding loan amount - Premier admitted and acknowledged its liability to pay its
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