Supreme Court · 2021 INSC 28 · Decided 19 January 2021
Manish Kumar v. Union of India and Another
- Court
- Supreme Court of India
- Citation
- 2021 INSC 28 · [2021] 14 S.C.R. 895
- Case number
- WRIT PETITION (CIVIL) No. 26/2020
- Decided
- 19 January 2021
- Bench
- R.F. NARIMAN, NAVIN SINHA, K.M. JOSEPH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Writ / Constitutional
- Acts & sections cited
- Consumer Protection Act; IBC Section 7(1), 7
Headnote
Insolvency and Bankruptcy Code (Amendment) Act, 2020 - s.3 -s.3 of the impugned amendment, amended s.7(1) of the Insolvency and Bankruptcy Code, 2016, incorporating three provisos to s.7(1) - Under the second proviso, a new threshold was declared for an allottee to move an resolution process under the Code - The second proviso provided that for financial creditors who were allottees under a real estate project, an application for initiating corporate insolvency resolution process against the corporate debtor was to be filed jointly by not less than one
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)