Advocate Sushila
SUPREME COURT UPHOLDS INSOLVENCY PROCEEDINGS FILED DURING PENDENCY OF WINDING UP PROCEEDINGS

SUPREME COURT UPHOLDS INSOLVENCY PROCEEDINGS FILED DURING PENDENCY OF WINDING UP PROCEEDINGS

The #SupremeCourt of India passed a Judgment dated 01.03.2021 in the case of A. Navinchandra Steels Private Ltd. VS. SREI Equipment Finance Ltd. and Ors. (Civil Appeal Nos. 4230-4234 of 2020) and discussed whether Application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (#IBC) is maintainable during the pendency of #WindingUpProceedings in a Company Court.


To read more, please visit the link below:


https://theindianlawyer.in/supreme-court-upheld-insolvency-proceedings-filed-during-pendency-of-winding-up-proceedings/


#windingup #insolvencyandbankruptcy #supremecourt

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