Supreme Court Upholds Winding Up Order in Debt Dispute: Shital Fibers Ltd. vs. Indian Acrylics Limited (2021) LEGAL ISSUE: Whether a company can be wound up for failure to pay a debt when the company claims a dispute over the quality of goods supplied. CASE TYPE: Company Law/Insolvency Case Name: Shital Fibers Ltd. vs. Indian […]
Supreme Court Sets Aside Winding Up Order Due to Limitation: Jignesh Shah vs. Union of India (2019) LEGAL ISSUE: Whether a winding-up petition filed under the Companies Act, 1956, which is time-barred, can be revived as a Section 7 application under the Insolvency and Bankruptcy Code, 2016. CASE TYPE: Insolvency Law Case Name: Jignesh Shah
Supreme Court Allows Secured Creditors to File Winding Up Petitions After DRT Decree LEGAL ISSUE: Whether a secured creditor can initiate a winding-up petition against a company after obtaining a decree and recovery certificate from the Debts Recovery Tribunal (DRT). CASE TYPE: Insolvency Law, Company Law Case Name: Swaraj Infrastructure Pvt. Ltd. vs. Kotak Mahindra
