Supreme Court · 2023 INSC 230 · Decided 14 March 2023
Victory Iron Works LTD. v. Jitendra Lohia & Anr
- Court
- Supreme Court of India
- Citation
- 2023 INSC 230 · [2023] 7 S.C.R. 1021
- Case number
- CIVIL APPEAL No. 1743/2021
- Decided
- 14 March 2023
- Bench
- V. RAMASUBRAMANIAN, PANKAJ MITHAL (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Contract Act; Companies Act; Income Tax Act Section 102(2); IBC Section 25(2)(a), 3(37), 3(27), 18(f)
Headnote
Insolvency and Bankruptcy Code, 2016 - s.25(2)(a) - IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 - Regulation 30 - Corporate Debtor and one 'EP' (appellant in CA No.1782 of 2021) entered into an MoU - Corporate Debtor of the share capital in 'EP' and a Joint Development Agreement with it in respect of the property - Actual physical possession of the property was also handed over to the Corporate Debtor which factum was confirmed in two subsequent MoUs - Later, Corporate Debtor also
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