Supreme Court · 2025 INSC 314 · Decided 3 March 2025
Saranga Anilkumar Aggarwal v. Bhavesh Dhirajlal Sheth & ORS.
- Court
- Supreme Court of India
- Citation
- 2025 INSC 314 · [2025] 3 S.C.R. 325
- Case number
- CIVIL APPEAL No. 4048/2024
- Decided
- 3 March 2025
- Bench
- VIKRAM NATH, PRASANNA BHALACHANDRA VARALE (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- NI Act Section 138, 27, 96; Consumer Protection Act Section 27, 138; IBC Section 96, 95, 79(15)
Headnote
Whether the execution of penalty orders passed by the NCDRC can be stayed under the interim moratorium provisions of s.96 of the Insolvency and Bankruptcy Code, 2016. Consumer Protection Act, 1986 - s.27 - Insolvency and Bankruptcy Code, 2016 multiple penalties on the appellant for failing to deliver possession of residential units to home-buyers as per the agreed timeline - The appellant sought a stay on the penalty proceedings before the NCDRC, contending that an application u/s.95 of the IBC has been filed against them,
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