2024 (1) TMI 587 - SCH - Insolvency and Bankruptcy

Maintainability of SLP - applicability of Section 10-A of the Insolvency and Bankruptcy Code, 2016 - HELD THAT - Section 10-A of the Insolvency and Bankruptcy Code, 2016 (IBC) was applicable. Hence, no reason for interference is made out in exercise of jurisdiction under Article 136 of the Constitution of India. The Special Leave Petition is accordingly dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition, concurring with the Tribunal that Section 10-A of the Insolvency and Bankruptcy Code, 2016 applied. The petitioner still has the option to pursue recovery through appropriate legal proceedings.