Supreme Court of India · 2019-11-18

ANAND RAO KORADA RESOLUTION PROFESSIONAL vs M/S VARSHA FABRICS (P) LTD.

Citation / case number: SC 2019/33047
Court: Supreme Court of India
Petitioner: ANAND RAO KORADA RESOLUTION PROFESSIONAL
Respondent: M/S VARSHA FABRICS (P) LTD.
Author: HON'BLE MS. JUSTICE INDU MALHOTRA
Bench: HON'BLE MR. JUSTICE AJAY RASTOGI HON'BLE MS. JUSTICE INDU MALHOTRA

Judgment text excerpt

The Supreme Court addressed the appeals filed by the Resolution Professional challenging interim orders of the Odisha High Court regarding the auction proceedings of a corporate debtor. The court stayed the auction proceedings and directed that all parties be notified. The case revolves around a Share Purchase Agreement and the implications of corporate insolvency proceedings under the Insolvency and Bankruptcy Code.