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Supreme Court Dismisses Appeal in Insolvency Case Over Creditor Status and Resolution Plan Approval. Statutory Authority's Claim as Financial or Secured Creditor Rejected Due to Lack of Diligent Action During Corporate Insolvency Resolution Process Under Insolvency and Bankruptcy Code, 2016.

The dispute arose from the Corporate Insolvency Resolution Process (CIRP) of M/s. JNC Construction (P) Ltd, the Corporate Debtor. The appellant, a sta...

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Supreme Court Allows Correction of Judgment Terminology in Civil Appeal Regarding Creditor Status. The court directed that 'unsecured creditor' in paragraph 20 of the original judgment be read as 'secured creditor' to accurately reflect the legal position.

The Supreme Court of India heard a miscellaneous application filed by Axis Bank Limited seeking clarification of a previous judgment. The application ...