Supreme Court dismisses appeal, upholds NCLAT order in insolvency case, concluding legal proceedings and applications.Maintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial creditors - HELD THAT:- There are no reason to interfere in the order impugned - appeal dismissed.... ... ... Title: Supreme Court of India dismisses appeal in Company Appeal (AT)(Insolvency) No.183 of 2021

Judges: Hon'ble Mr. Justice Ajay Rastogi and Hon'ble Mr. Justice Sanjiv Khanna

Representation:
- For the Appellant: Mr. Nitin Mishra, AOR; Mr. Raj Bhadhur Srot, Adv.; Ms. Sujata Shirolkar, Adv.
- For the Respondent: Mr. Robin Jaisinghani, Adv.; Mr. Vikas Mehta, AOR; Mr. Bhaskar Nayak, Adv.

Decision: The Supreme Court finds no reason to interfere with the order of the National Company Law Appellate Tribunal dated 02.12.2021 in Company Appeal (AT)(Insolvency) No.183 of 2021. The appeal is dismissed, and pending applications are disposed of. Maintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial creditors - HELD THAT:- There are no reason to interfere in the order impugned - appeal dismissed. GOLDEN TOBACCO LIMITED Versus ARROW ENGINEERING LTD.
Insolvency and Bankruptcy
2022 (5) TMI 1609 - SC Order - TMI
SUPREME COURT OF INDIA - SC
Dated:- 5-5-2022
CIVIL APPEAL NO(S). 7715/2021 - -
Insolvency & Bankruptcy
HON'BLE MR. JUSTICE AJAY RASTOGI AND HON'BLE MR. JUSTICE SANJIV KHANNA For the Appellant : Mr. Nitin Mishra, AOR Mr. Raj Bhadhur Srot, Adv. Ms. Sujata Shirolkar, Adv. For the Respondent : Mr. Robin Jaisinghani, Adv. Mr. Vikas Mehta, AOR Mr. Bhaskar Nayak, Adv. ORDER We have heard learned counsel for the parties at length and find no reason to interfere in the order impugned dated 02.12.2021 passed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi in Company Appeal (AT)(Insolvency)No.183 of 2021. Accordingly, appeal is dismissed. Pending application(s), if any, shall stand disposed of.
Case laws, Decisions, Judgements, Orders