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august 2024

Supreme Court of India · 2024-08-28

V.S. Palanivel vs P. Shriram Cs Liquidator

Court
Supreme Court of India
Petitioner
V.S. Palanivel
Respondent
P. Shriram Cs Liquidator
Author
Hima Kohli
Bench
Hima Kohli

Judgment text excerpt

The Supreme Court upheld the dismissal of appeals by V.S. Palanivel against the National Company Law Appellate Tribunal's order regarding the auction of assets under the Insolvency and Bankruptcy Code, 2016. The Court noted that the appeals were rendered moot as the auction had concluded and the sale deed executed. The Court emphasized the finality of the auction process and the authority of the Liquidator under the IBC, affirming the Tribunal's decision to dismiss the appeals.

V.S. Palanivel vs P. Shriram Cs Liquidator · Niyam