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2022 (11) TMI 1371 - SCH - Insolvency and BankruptcyInitiation of CIRP - pre-admission stage - home buyers and creditors - corporate debtor has initiated the process of settlement with the financial creditors - HELD THAT - Having perused the material placed on record as also having gone through the cited decisions in ES KRISHNAMURTHY ORS. VERSUS M/S BHARATH HI TECH BUILDERS PVT. LTD. 2021 (12) TMI 683 - SUPREME COURT and M/S. INNOVENTIVE INDUSTRIES LTD. VERSUS ICICI BANK ANR. 2017 (9) TMI 58 - SUPREME COURT , which have been duly taken into consideration by the National Company Law Appellate Tribunal, it is clear that the view as taken by the Appellate Tribunal, particularly with reference to the factual matrix of the present case, is a just and proper view of the matter, more particularly with reference to the latest view of this Court as reflected in VIDARBHA INDUSTRIES POWER LIMITED VERSUS AXIS BANK LIMITED 2022 (7) TMI 581 - SUPREME COURT . No case for interference being made out, this appeal stands dismissed.
The Supreme Court dismissed the appeal as no case for interference was made out. The decision was based on the view taken by the National Company Law Appellate Tribunal, considering relevant legal precedents. The pending application was also disposed of.
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