Supreme Court of India · 2019-11-06
CHITRA SHARMA vs UNION OF INDIA SECRETARY MINISTRY OF FINANCE
- Citation / case number
- SC 2019/15274
- Court
- Supreme Court of India
- Petitioner
- CHITRA SHARMA
- Respondent
- UNION OF INDIA SECRETARY MINISTRY OF FINANCE
- Author
- HON'BLE MR. JUSTICE A.M. KHANWILKAR
- Bench
- HON'BLE MR. JUSTICE DINESH MAHESHWARI HON'BLE MR. JUSTICE A.M. KHANWILKAR
Judgment text excerpt
The Supreme Court addressed appeals related to the Corporate Insolvency Resolution Process (CIRP) of Jaypee Infratech Ltd. The court upheld the National Company Law Appellate Tribunal's decision to exclude a specific period from the 270-day timeline for the CIRP, allowing IDBI Bank's application under the Insolvency and Bankruptcy Code. The ruling emphasized the need for timely resolution while balancing the interests of stakeholders, particularly home buyers.