MAITREYA DOSHI vs ANAND RATHI GLOBAL FINANCE LTD.

The Supreme Court dismissed the appeal challenging the NCLAT's decision to admit a corporate insolvency petition against Doshi Holdings under the Insolvency and Bankruptcy Code, 2016. The court affirmed that the financial creditor, Anand Rathi Global Finance Ltd., had validly initiated the Corporate Insolvency Resolution Process based on the Loan-cum-Pledge Agreements. The court held that the agreements constituted enforceable security for the loans provided, thereby justifying the admission of the insolvency petition.