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Supreme Court judgments on Insolvency and Bankruptcy Code, 2016

126 judgments, latest first, from 2018 to 2026. Listed when the Supreme Court Reports file the judgment's headnote under this Act, as printed at the start of the headnote. Judgments that only mention it in passing are not listed.

Sections
Section 5 9Section 7 32Section 8 8Section 9 16Section 14 13Section 30 7Section 31 9Section 60 7Section 61 6Section 62 12Section 238 6Section 238A 8
Global Credit Capital Limited & Anr. vs Sach Marketing Pvt. Ltd. & Anr
SC · 25 April 2024
[2024] 5 S.C.R. 215 : 2024 INSC 340
(i) Whether there can be debt within the meaning of sub-section (11) of section 5 of the Insolvency and Bankruptcy Code, 2016; (ii) What is the test to determine whether a debt is a financial debt within the meaning of s…
Insolvency and Bankruptcy Board of India vs Satyanarayan Bankatlal Malu & Ors.
SC · 19 April 2024
[2024] 5 S.C.R. 1 : 2024 INSC 319
Special Court under the Insolvency and Bankruptcy Code, 2016 would be as provided u/s. 435 of the Companies Act as it existed at the time when the Code came into effect, or it would be as provided u/s.435 after the 2018…
Deccan Value Investors L.P. & Anr. vs Dinkar Venkatasubramanian & Anr.
SC · 6 March 2024
[2024] 3 S.C.R. 1044 : 2024 INSC 321
Whether the judgment dated 07.02.2020 passed by the National Company Law Appellate Tribunal which upholds the order dated 27.09.2019 passed by the National Company Law Tribunal is legally flawed and unsustainable; Whethe…
Greater Noida Industrial Development Authority vs Prabhjit Singh Soni & Anr.
SC · 12 February 2024
[2024] 2 S.C.R. 258 : 2024 INSC 102
Whether in exercise of powers under s.60(5), Insolvency and Bankruptcy Code, 2016, the Adjudicating Authority-NCLT can recall an order of approval passed under s.31(1) of the IBC; whether the application for recall of th…
Axis Bank Limited vs Naren Seth & Anr.
SC · 19 January 2024
[2024] 1 S.C.R. 1183 : 2024 INSC 105
Application was filed by the applicant-appellant seeking clarification of the judgment reported in [2023] 14 SCR 581.
State Bank of India and Ors vs The Consortium of Mr Murari Lal Jalan and Mr Florian Fritsch and Anr
SC · 18 January 2024
[2024] 1 S.C.R. 1045 : 2024 INSC 51
Consortium of lenders represented by the State Bank of India filed affidavit stating that the lenders were agreeable that if Successful Resolution Applicant (SRA) satisfied particular criteria, including infusing Rs. 350…
Case Details DBS Bank Limited Singapore vs Ruchi Soya Industries Limited and Another
SC · 3 January 2024
[2024] 1 S.C.R. 114 : 2024 INSC 14
Whether s.30(2)(b)(ii) of the Insolvency and Bankruptcy Code, 2016, as amended in 2019, entitles the dissenting financial creditor to be paid the minimum value of its security interest; whether the amendments made in the…
Case Details Bharti Airtel Limited and Another vs Vijaykumar V. Iyer and Others
SC · 3 January 2024
[2024] 1 S.C.R. 140 : 2024 INSC 15
The present appeals raise a question on the right to claim set-off in the Corporate Insolvency Resolution Process, when the Resolution Professional proceeds in terms of clause (a) to sub-section (2) of s.25 of the Insolv…
Case Details Sanjay Pandurang Kalate vs Vistra Itcl (India) Limited and Others
SC · 4 December 2023
[2023] 15 S.C.R. 313 : 2023 INSC 1063
Whether appeal instituted before the NCLAT was within limitation. In its impugned order, the NCLAT concluded that the appeal was barred by limitation on the ground that it was instituted beyond the outer limit of 45 days…
Hari Babu Thota vs *
SC · 29 November 2023
[2023] 16 S.C.R. 917 : 2023 INSC 1056
Whether the resolution applicant was disqualified under the primary conditions as specified u/s.29A of the Insolvency and Bankruptcy Code, 2016 and; whether the corporate debtor not having an MSME status at the time of c…
Ramkrishna Forgings Limited vs Ravindra Loonkar, Resolution Profession of Acil Limited & Anr.
SC · 21 November 2023
[2023] 16 S.C.R. 672 : 2023 INSC 1013
The moot question involved is the extent of the jurisdiction and powers of the Adjudicating Authority to go on the issue of revaluation in the background of the admitted and undisputed factual position that no objection…
M/s. Ifci Limited vs Sutanu Sinha & Ors.
SC · 9 November 2023
[2023] 15 S.C.R. 280 : 2023 INSC 1023
Whether the Compulsorily Convertible Debentures-CCDs with a “put option” and in the event of default on part of ICTL-borrower during the window period, can be said to be really a debt and not an equity.
Dilip B Jiwrajka vs Union of India & Ors.
SC · 9 November 2023
[2023] 16 S.C.R. 562 : 2023 INSC 1018
Constitutional validity of ss.95 to 100 of the Insolvency and Bankruptcy Code, 2016.
Tottempudi Salalith vs State Bank of India & Ors.
SC · 18 October 2023
[2023] 14 S.C.R. 492 : 2023 INSC 923
Issues arose as to whether the debts in connection with the recovery certificate issued in the year 2015, could form subject matter of an application u/s.7 IBC; whether the the banks having approached the DRT, were barre…
R. Raghavendran vs C. Raja John & Ors.
SC · 13 September 2023
[2023] 14 S.C.R. 719 : 2023 INSC 849
Whether the observations made by NCLAT in the impugned judgment, in the context of the judgment of the Tribunal in Saravana Global Holdings Ltd. & Anr. Vs. Bafna Pharmaceuticals Ltd. & Ors., that if the Corporate Debtor…
Case Details M/s. Rps Infrastructure Ltd. vs Mukul Kumar & Anr.
SC · 11 September 2023
[2023] 12 S.C.R. 150 : 2023 INSC 816
Whether the commercial entity’s claim pertaining to an arbitral award, in appeal u/s. 37 of the Arbitration and Conciliation Act, 1996, is liable to be included at a belated stage-after the resolution plan approved by th…
Case Details Eva Agro Feeds Private Limited vs Punjab National Bank and Anr.
SC · 6 September 2023
[2023] 13 S.C.R. 861 : 2023 INSC 809
Appellate Tribunal whether justified in upholding the decision of the Liquidator to cancel the auction sale without assigning any reasons.
Paschimanchal Vidyut Vitran Nigam Ltd. vs Raman Ispat Private Limited & Ors.
SC · 17 July 2023
[2023] 10 S.C.R. 1221 : 2023 INSC 625
Insolvency and Bankruptcy Code, 2016 – ss.238, 53 – Overriding effect of s.238 – Distribution of assets u/s.53 – Dues payable to secured creditors vis-à-vis Central or State Government– Held: s.238, IBC overrides the pro…
M. Suresh Kumar Reddy vs Canara Bank & Ors.
SC · 11 May 2023
[2023] 5 S.C.R. 387 : 2023 INSC 521
Insolvency and Bankruptcy Code, 2016 – ss.3(12), 7, 14 – Scope of s.7 – ‘Default’ u/s.3(12) – Application filed by the respondent-Bank u/s.7 against corporate debtor, admitted by NCLT – Moratorium was declared for the pu…
M. K. Rajagopalan vs Dr. Periasamy Palani Gounder & Anr.
SC · 3 May 2023
[2023] 9 S.C.R. 783 : 2023 INSC 486
Insolvency and Bankruptcy Code, 2016 – ss. 12A, 29-A(e), 30(2)(e) & 30(6) – Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 – Regulation 36-A(2)(iii) – Dis…
Ajay Kumar Radheyshyam Goenka vs Tourism Finance Corporation of India Ltd.
SC · 15 March 2023
[2023] 4 S.C.R. 986 : 2023 INSC 232
Insolvency and Bankruptcy Code 2016 – ss. 1(3), 7, 8, 9, 13, 14, 15, 29, 30, 31, 32A, 53, 61, 238 – Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 – Rule 6 – Negotiable Instruments Act, 188…
Victory Iron Works Ltd. vs Jitendra Lohia & Anr.
SC · 14 March 2023
[2023] 7 S.C.R. 1021 : 2023 INSC 230
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 i…
Sabarmati Gas Limited vs Shah Alloys Limited
SC · 4 January 2023
[2023] 4 S.C.R. 188 : 2023 INSC 10
Insolvency and Bankruptcy Code, 2016 – ss. 6, 8, 9, 62, 238A, 252 – Sick Industrial Companies (Special Provisions) Act, 1985 – ss. 16, 17, 22, 25 – Limitation Act, 1963 – s.5,14 and Art. 137 – Insolvency and Bankruptcy (…
Rajratan Babulal Agarwal vs Solartex India Pvt. Ltd.& Ors.
SC · 13 October 2022
[2022] 7 S.C.R. 755 : 2022 INSC 1081
Insolvency and Bankruptcy Code, 2016 – s.9 – Application under – Corporate Insolvency Resolution process – ‘Pre-existing dispute’ – Application filed by first respondent u/s.9 of IBC against the second respondent – Case…
Maitreya Doshi vs Anand Rathi Global Finance Ltd. and Anr.
SC · 22 September 2022
[2022] 15 S.C.R. 536 : 2022 INSC 1004
Insolvency and Bankruptcy Code 2016 – ss.7, 62 – Corporate Insolvency Resolution Process – Respondent No. 1, a NBFCFinancial Creditor disbursed loan to the tune of Rs.6 Crores to M/s Premier Ltd. – Doshi Holdings pledged…
Ashok G. Rajani vs Beacon Trusteeship Ltd. & Ors.
SC · 22 September 2022
[2022] 18 S.C.R. 133 : 2022 INSC 1003
Insolvency and Bankruptcy Code, 2016 - Ss. 7, 12A, 62 – Arbitration proceedings between corporate debtor and respondent no. 1 to 3 were pending – Respondent nos.1 to 3 filed application u/s.7 of IBC before the NCLT – Arb…
M/s Tech Sharp Engineers Pvt. Ltd. vs Sanghvi Movers Limited
SC · 19 September 2022
[2022] 13 S.C.R. 922 : 2022 INSC 986
Insolvency and Bankruptcy Code, 2016: s.9 – Initiation of Corporate Insolvency Resolution Process (CIRP) – Applicability of Limitation Act – Pursuant to agreement, respondent let out a crane on hire to the appellant – Re…
Essar House Private Limited vs Arcellor Mittal Nippon Steel India Limited
SC · 14 September 2022
[2022] 11 S.C.R. 1001 : 2022 INSC 957
Arbitration and Conciliation Act, 1996 – s.9 – Insolvency and Bankruptcy Code, 2016 – ss.7, 14 – Code of Civil Procedure, 1908 – Or.38, r.5 –A sum of about Rs.35 crores and Rs.47 crores was paid by Essar Steel to the app…
Punjab National Bank vs Mr. Vijay Sitaram Dandnaik & Anr.
SC · 30 August 2022
[2022] 18 S.C.R. 380 : 2022 INSC 887
Insolvency and Bankruptcy Code, 2016: ss. 7, 238A – Limitation Act, 1963 – Art. 137 – Initiation of corporate insolvency resolution process by financial creditor – Limitation period – On facts, corporate debtor defaulted…
Sundaresh Bhatt, Liquidator of Abg Shipyard vs Central Board of Indirect Taxes and Customs
SC · 26 August 2022
[2022] 12 S.C.R. 641 : 2022 INSC 872
Insolvency and Bankruptcy Code, 2016 – ss.14, 33(5), 53, 238 – Customs Act – Whether the provisions of the IBC would prevail over the Customs Act and if so, to what extent – Held: The IBC would prevail over the Customs A…

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