Amit Katyal vs Meera Ahuja

The Supreme Court dismissed the appeal filed by Amit Katyal, the promoter and majority shareholder of Jasmine Buildmart Pvt. Ltd., challenging the NCLAT's decision which upheld the admission of an insolvency petition against the company under Section 7 of the Insolvency and Bankruptcy Code, 2016. The court found that the NCLAT had correctly interpreted the provisions of the IBC and that the admission of the insolvency petition was justified. Consequently, the appeal was rejected, affirming the lower court's ruling.