Important Supreme Court of India Judgments Pronounced Today [Thursday, October 4, 2018]

1. Arcelormittal India Private Limited v. Satish Kumar Gupta

Insolvency and Bankruptcy Code, 2016 - Section 29A - Resolution Plans - In the event that no plan is found worthy of acceptance by the requisite majority of the Committee of Creditors, the corporate debtor, i.e. ESIL, shall go into liquidation.

Petitioner's Advocate : Karanjawala & Co. 
Bench : Hon'ble Mr. Justice Rohinton Fali Nariman, Hon'ble Mr. Justice Navin Sinha
Judgment By : Hon'ble Mr. Justice Rohinton Fali Nariman

2. Hindustan Antibiotics Limited v. Maharashtra Housing and Area Development Authority (MHADA)

Civil Procedure Code, 1908 - Order 27 Rule 5 - Sick Industrial Companies (Special Protection) Act, 1985 - Since all parties to the appeal are either Public Undertaking or/and the State and its agencies (MHADA), the matter should be amicably settled by the parties concerned sitting across the table rather than to drag the dispute(s) in the Court.

Petitioner's Advocate : Amol Nirmalkumar Suryawanshi
Bench : Hon'ble Mr. Justice Abhay Manohar Sapre, Hon'ble Ms. Justice Indu Malhotra
Judgment By : Hon'ble Mr. Justice Abhay Manohar Sapre

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