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Supreme Court judgments on Section 7, Insolvency and Bankruptcy Code, 2016

32 judgments, latest first, from 2018 to 2026. Listed when the Supreme Court Reports file the judgment's headnote under Section 7 of this Act, as printed at the start of the headnote. Judgments that only mention it in passing are not listed.

Elegna Co-op. Housing and Commercial Society Ltd. vs Edelweiss Asset Reconstruction Company Limited & Anr.
SC · 15 January 2026
[2026] 1 S.C.R. 850 : 2026 INSC 58
Issue arose whether the NCLAT was correct in admitting Corporate Debtor into the Corporate Insolvency Resolution Process; and whether the NCLAT was correct in rejecting the Intervention application filed by the Society.
Mansi Brar Fernandes vs Shubha Sharma and Anr.
SC · 12 September 2025
[2025] 10 S.C.R. 169 : 2025 INSC 1110
Whether the appellants, fall within the category of “speculative investors” so as to disentitle them from initiating proceedings u/s.7 of the IBC; whether the Ordinance/Amendment Act introducing threshold requirements fo…
IL & FS Financial Services Limited vs Adhunik Meghalaya Steels Private Limited
SC · 30 July 2025
[2025] 7 S.C.R. 1823 : 2025 INSC 911
Whether the Tribunals below were justified in holding that the s.7 application under the IBC filed by the appellant on 15.01.2024 was barred by time; does the entry in the Balance Sheet of F.Y. 2019-20 constitute a valid…
BRS Ventures Investments Ltd. vs SREI Infrastructure Finance Ltd. & Anr.
SC · 23 July 2024
[2024] 7 S.C.R. 2143 : 2024 INSC 548
Whether the payment of Rs.38.87 crores to the financial creditor under the resolution plan of the corporate guarantor will extinguish the liability of the principal borrower/corporate debtor to pay the entire amount paya…
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…
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…
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…
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…
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…
M/s. R.K. Industries (Unit-Ii) LLP vs M/s. H.R. Commercials Private Limited and Other
SC · 26 August 2022
[2022] 12 S.C.R. 667 : 2022 INSC 872
Insolvency and Bankruptcy Code, 2016 – ss.7, 33, 34, 35, 61 – Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 – r.4 – Insolvency and Bankruptcy Board of India (Liquidation Process) Regulatio…
Kotak Mahindra Bank Limited vs Kew Precision Parts Private Limited & Ors.
SC · 5 August 2022
[2022] 19 S.C.R. 212 : 2022 INSC 800
Insolvency and Bankruptcy Code, 2016 – ss. 7, 8, 9, 14, 238A – The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 – s. 13 (2) – Limitation Act 1963 – Schedule – Art.13…
Asset Reconstruction Company (India) Limited vs Tulip Star Hotels Limited & Ors.
SC · 1 August 2022
[2022] 5 S.C.R. 1112 : 2022 INSC 777
Insolvency and Bankruptcy Code, 2016 – ss. 7(2), 62 & 238A – Limitation Act, 1963 – s. 18 – Corporate Insolvency Resolution Process (CIRP) – Extension of period of limitation – Acknowledgement in books of account – A loa…
M/s S.S. Engineers vs Hindustan Petroleum Corporation Ltd. & Ors.
SC · 15 July 2022
[2022] 18 S.C.R. 391 : 2022 INSC 1309
Insolvency and Bankruptcy Code, 2016 – ss.7-9 – Held: NCLT, exercising powers u/s.7 or s.9, is not a debt collection forum – IBC tackles and/or deals with insolvency and bankruptcy – It is not the object of the IBC that…
Vidarbha Industries Power Limited vs Axis Bank Limited
SC · 12 July 2022
[2022] 12 S.C.R. 139 : 2022 INSC 710
Insolvency and Bankruptcy Code 2016 – s.7(5)(a) – Interpretation of – Legislature has in its wisdom used the word ‘may’ in s.7(5)(a) of the Code in respect of an application for CIRP initiated by a financial creditor aga…
Kotak Mahindra Bank Limited vs A. Balakrishnan & Anr.
SC · 30 May 2022
[2022] 5 S.C.R. 1072 : 2022 INSC 630
Insolvency and Bankruptcy Code, 2016 : ss. 3, 5, 6, 7 and 14 – Corporate Insolvency Resolution Process (CIRP) – Initiation of – Issuance of Recovery Certificate, if would trigger the right to sue – On facts, respondent N…
State Bank of India vs Krishidhan Seeds Private Limited
SC · 18 April 2022
[2022] 2 S.C.R. 1155 : 2022 INSC 428
Insolvency and Bankruptcy Code 2016 – s.7 – Limitation Act, 1963 – s.18 – Applicability of – Default, acknowledgment in balance sheet of company – Proceedings under IBC – Limitation – Appellant filed application for init…
Amit Katyal vs Meera Ahuja and Others
SC · 3 March 2022
[2022] 4 S.C.R. 389 : 2022 INSC 260
Insolvency and Bankruptcy Code, 2016: s.7 – Respondent no. 4-corporate debtor came out with a housing project – However, could not complete the project even after a period of eight years – Respondent nos.1 to 3 (original…
E S Krishnamurthy & Ors. vs M/s Bharath Hi Tech Builders Pvt. Ltd.
SC · 14 December 2021
[2021] 12 S.C.R. 28 : 2021 INSC 884
Insolvency and Bankruptcy Code, 2016: s. 7 – Initiation of Corporate Insolvency Resolution Process by financial creditor – On facts, respondent defaulted in making re-payment of an amount of Rs 33 crores to the appellant…
Rajendra Narottamdas Sheth & Anr. vs Chandra Prakash Jain & Anr.
SC · 30 September 2021
[2021] 7 S.C.R. 838 : 2021 INSC 579
Insolvency and Bankruptcy Code, 2016 – s. 7 – Maintainability of – Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 – Limitation Act – s.18 – Loans were granted by the Financial Creditor-resp…
Ebix Singapore Private Limited vs Committee of Creditors of Educomp Solutions Limited & Anr.
SC · 13 September 2021
[2021] 14 S.C.R. 321 : 2021 INSC 468
Insolvency and Bankruptcy Code, 2016 – ss.5(26), 7, 9, 10, 12, 23, 25, 30, 31, 60(5), 61 & 74(3) – National Company Law Tribunal Rules, 2016 – r.11 – Insolvency and Bankruptcy Board of India (Insolvency Resolution Proces…
Asset Reconstruction Company (India) Limited vs Bishal Jaiswal & Anr.
SC · 15 April 2021
[2021] 3 S.C.R. 524 : 2021 INSC 254
Insolvency and Bankruptcy Code, 2016 – s.7 – Some original lenders of the corporate debtor, assigned the debts owed to them by the corporate debtor to the appellant – Appellant took actual physical possession of project…
Indus Biotech Private Limited vs Kotak India Venture (Offshore) Fund (Earlier Known As Kotak India Venture Limited) & Ors.
SC · 26 March 2021
[2021] 7 S.C.R. 112 : 2021 INSC 216
Insolvency and Bankruptcy Code, 2016 – s. 7 – Arbitration and Conciliation Act, 1996: s. 8 – Dispute between petitioner and respondents as regards calculation and conversion formula to be applied in converting the prefer…
A. Navinchandra Steels Private Limited vs Srei Equipment Finance Limited & Ors.
SC · 1 March 2021
[2021] 3 S.C.R. 597 : 2021 INSC 128
Insolvency and Bankruptcy Code, 2016 – ss.7, 9 – Companies Act, 1956 – ss.391-393, 446 – Companies Act, 2013 – ss.230(1), 279, fifth proviso to s.434(1)(c) – Winding up proceedings pending – Petition u/s.7 filed before N…
Committee of Creditors of Amtek Auto Limited through Corporation Bank vs Dinkar T Venkatasubramanian & Ors.
SC · 23 February 2021
[2021] 3 S.C.R. 1015 : 2021 INSC 112
Insolvency and Bankruptcy Code, 2016 – ss. 7, 12(3) and 31 – Contempt of Courts Act, 1971 – s.2(b) – On 24.09.2019, the Supreme Court directed the Resolution Professional (RP) to invite fresh offers for resolution plans…
M/s. Radha Exports (India) Pvt. Limited vs K.P. Jayaram & Anr.
SC · 28 August 2020
[2020] 8 S.C.R. 272 : 2020 INSC 518
Insolvency and Bankruptcy Code, 2016 – s.7 – Companies Act, 1956 – Limitation Act, 1963 – Clauses (19) to (21) of Part II of the Schedule – The respondents filed a petition on 25.04.2018 u/s.7 of the IBC, as ‘Financial c…
Mr. Anand Rao Korada Resolution Professional vs M/s. Varsha Fabrics (P) Ltd. & Ors.
SC · 18 November 2019
[2019] 14 S.C.R. 695 : 2019 INSC 1259
Insolvency and Bankruptcy Code, 2016 – ss.7, 13, 14, 231 and 238 – Respondent No.5 divested its 100% shareholding in respondent No.4 in favour of respondent Nos.1 to 3 – Respondent No.4 shut down its factory – Respondent…
Jaiprakash Associates Ltd. & Anr. vs Idbi Bank Ltd. & Anr.
SC · 6 November 2019
[2019] 14 S.C.R. 312
Insolvency and Bankruptcy Code, 2016: s. 7 – Corporate Insolvency Resolution Process – Power of the NCLT or NCLAT to exclude any period for purpose of counting 270 days Corporate Resolution Process period – Power to invi…
Forech India Ltd. vs Edelweiss Assets Reconstruction Co. Ltd.
SC · 22 January 2019
[2019] 2 S.C.R. 477 : 2019 INSC 77
Insolvency & Bankruptcy Code, 2016 – ss.7, 9, 11, 238, 255 and The Eleventh Schedule – Proceedings u/ss.7 and 9, if independent of winding up process pending in High Court – Winding up petition filed by the appellant bef…

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