Lokhandwala Kataria Construction Private Limited v. Nisus Finance and Investment Managers LLP

Citation(s) – REED 2017 SC 4386

Case Number- CIVIL APPEAL NO. 9279 OF 2017

Court – Supreme Court

Bench- N.A.

Date – July 24, 2017

Law – Article 142, Constitution of India,1950 Rule 8, I&B (Application to Adjudicating Authority) Rules, 2016 Rule 11, National Company Law Appellate Tribunal Rules, 2016
Rule(s)/ Regulation(s) – Rule 8, I&B (Application to Adjudicating Authority) Rules, 2016
Rule 11, National Company Law Appellate Tribunal Rules, 2016
Appellant – Lokhandwala Kataria Construction Private Limited
Respondent- Nisus Finance and Investment Managers LLP

Judge(s) – Hon’ble ROHINTON FALI NARIMAN, J. Hon’ble SANJAY KISHAN KAUL, J.

Corporate Insolvency and Resolution Process

From an economic perspective, the Insolvency and Bankruptcy Code institution, 2016, had been a significant amelioration in our country’s economic system. It has enhanced the global economic image of India. India is a foremost part of the global economy, so India needed to compete with other emerging nations and large economies. We had distinctive overlapping laws concerning Insolvency, which was not adequate to settle down corporate and individual debt. Another imperative purpose of establishing this code was to attract foreign nations to invest in India. India aimed to be at par with these foreign nations who play a vital role in the global economy.

Hey there!

come here often?

Login To Come In