Jaypee Kensington Boulevard Apartments Welfare Association vs NBCC (INDIA) Ltd.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2021 Supreme(SC) 165

A. M. KHANWILKAR, DINESH MAHESHWARI, SANJIV KHANNA
Jaypee Kensington Boulevard Apartments Welfare Association – Appellant
Versus
NBCC (INDIA) Ltd. – Respondent

Advocates Appeared:
For the Appellant :Kunal Chatterji, Siddharth Luthra, Joel, AOR Amit Dwivedi, Keshav Maheshwari, Sneha, Amit Kumar Mishra, Shashank Manish, Nidhi Sahay, Manasi Chatpalliwar, Shivam Pandey, Ritin Rai, Raghavendra M. Bajaj, Garima Bajaj, Nikhil Bimal, Agnish Aditya, Gunjan Mathur, Aditi Rao, Vishal Gupta, Soumya Dutta, Tanvir Nayar, Rohan Jaitley, Akshay Sharma, B. Ramana Murthy, Sumant Batra, Sanjay Bhatt, Niharika Sharma, Joydeep Mukherjee, Akansha Srivastava, Rabin Majumder, Punit Dutt Tyagi, Sahil Narang, Hasan Murtaza, Advocates
For the Respondent:Sahil Narang, Harish Salve, Shyam Divan, Misha, Nikhil Mathur, S.S. Shroff, Vishal Gupta, Mukul Rohtagi, Sajan Poovayya, Amar Gupta, Divyam Agarwal, Ashish Joshi, L.K. Bhushan, Mohit Sharma, Dua Associates, Rabin Majumder, Cyril Amarchand Mangaldas Aor, Amit Pawan, Sachin Sharma, Himanshu Shekhar, Jamnesh Kumar, Revathy Raghavan, Ram Lal Roy, Hasan Murtaza, Shariq Ahmed, Tariq Ahmed, Saju Jakob, Sunil Kumar Verma, Advocates
.

JUDGMENT :

DINESH MAHESHWARI, J.

Table of Contents
S. No.	Particulars	Paragraphs
1.	Introductory	1-3
2.	Brief outline and sketch	4-5
3.	The parties and their respective roles and interests in the matter	6-14.5
4.	Points for determination	15(A to N)
5.	Relevant factual and background aspects	16-19.1
6.	Orders and directions in the case of Chitra Sharma	20-23
7.	Another round in this Court and further enlargement of time for CIRP in question	24-32
8.	Yet another litigation in this Court relating to preferential transactions and lenders of JAL	33-37
9.	The Resolution Plan	38-40
10.	Order dated 03.03.2020 by the Adjudicating Authority in approval of the resolution plan with modifications	41-52
11.	Order dated 22.04.2020 by NCLAT making interim arrangement	53-54
12.	The relevant statutory provisions	55-60
13	JIL’s CIRP: Chronicle of complications	61-62
14.	The objectives and scheme of IBC	63-64.1
15.	Approval of resolution plan: Cruc

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2021 Supreme(SC) 165

A. M. KHANWILKAR, DINESH MAHESHWARI, SANJIV KHANNAJaypee Kensington Boulevard Apartments Welfare Association – AppellantVersusNBCC (INDIA) Ltd. – Respondent

A. M. KHANWILKAR, DINESH MAHESHWARI, SANJIV KHANNA
Jaypee Kensington Boulevard Apartments Welfare Association – Appellant
Versus
NBCC (INDIA) Ltd. – Respondent