Supreme Court · 2020 INSC 214 · Decided 19 February 2020
MR. Rajendra K. Bhutta v. Maharashtra Housing and Area Development Authority Through Its Chairman & ANR.
- Court
- Supreme Court of India
- Citation
- 2020 INSC 214 · [2020] 4 S.C.R. 305
- Case number
- CIVIL APPEAL No. 12248/2018
- Decided
- 19 February 2020
- Bench
- R.F. NARIMAN, S. RAVINDRA BHAT, V. RAMASUBRAMANIAN (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- IBC Section 14(1)(d)
Headnote
Insolvency and Bankruptcy Code, 2016 - s.14(1)(d) - Interpretation of a Tripartite Joint Development Agreement was entered into between the society representing persons occupying tenements, Maharashtra Housing and Area Corporate Debtor in a project for the development of 47 acres of land - The Corporate Debtor entered into a Loan Agreement with a bank for a sum of Rs. 200 crores - The Corporate Debtor defaulted in repayment of loan - Consequent to which, an application u/s.7 of the Code was
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)