Ebix Singapore Private Limited vs Committee of Creditors of Educomp Solutions Limited

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2021 Supreme(SC) 584

D.Y.CHANDRACHUD, M.R.SHAH
Ebix Singapore Private Limited – Appellant
Versus
Committee of Creditors of Educomp Solutions Limited – Respondent

Advocates appeared:
For the Appellant(s) : Mr. K.V. Vishwanathan, Sr. Adv, Ritin Rai, Sr. Adv. Mr. Rajat Sehgal, AOR Mr. Gautam Swarup, Adv Mrs. Vandana Anand,Adv. Mr. Mandavya Kapoor, Adv Mr. Karthikeya Jaiswal, Adv. Ms. Gunjan Jindal, Adv. Mr. Ramji Srinivasan, Sr. Adv. Mr. Prithu Garg, AOR Mr. Shailendera Singh, Adv. Ms. Harimohana N, Adv. Mr. Ankush Bhardwaj, Adv. Mr. Shivkrit Raj,Adv. Mr. Tirth Nayak, Adv. Mr. Vinam Gupta, AOR
For the Respondent(s): Mr. Shyam Divan, Sr. Adv. Ms. Misha, Adv. Mr. Siddhant Kant, Adv. Ms. Moulshree Shukla, Adv. Mr. S. S. Shroff, AOR Mr. Nakul Dewan, Sr. Adv. Ms. Pooja Mahajan, Adv. Mr. Avinash B. Amarnath, AOR Ms. Mahima Singh, Adv. Mr. S. Mahajan Adv. Ms. Neelu Mohan, Adv. Mr. Nakul Dewan, Sr. Adv. Mr. Atul Sharma, Adv. Mr. Abhishek Sharma, Adv. Ms. Ashly Cherian, Adv Ms. Anisha Mahajan, Adv Ms. Harshita Agarwal, Adv. Mr. Gautam Talukdar, AOR Mr. V. Giri, Sr. Adv. Mr. Ashish Rana, AOR Mr. Anurag Singh, Adv. Mr. Jayant Mehta, Sr. Adv. Ms. Sonia Dube, Adv. Mr. Shatadru Chakraborty, Adv. Ms. Kanchan Yadav, Adv. Ms. Surbhi Anand, Adv. Mr. Surya Kapoor, Adv. For M/S. Legal Options, AOR

JUDGMENT :

Dr. Dhananjaya Y. Chandrachud, J.

This judgment has been divided into sections to facilitate analysis. Further, a Glossary of defined terms which have been used throughout the judgment has also been provided. The sections in the judgment are as follows:

Glossary ................................................................................................ ............

A.1 The appeal .......................................................................................... 11

A.2 Initiation of CIRP ................................................................................. 11

A.3 Invitation, submission and approval of Resolution Plan ...................... 12

A.4 Investigations into financial transactions of Educomp ........................ 15

A.5 Applications for withdrawal of the Resolution Plan ............................. 20

A.6 Orders of NCLT and NCLAT .............................

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2021 Supreme(SC) 584

D.Y.CHANDRACHUD, M.R.SHAHEbix Singapore Private Limited – AppellantVersusCommittee of Creditors of Educomp Solutions Limited – Respondent

D.Y.CHANDRACHUD, M.R.SHAH
Ebix Singapore Private Limited – Appellant
Versus
Committee of Creditors of Educomp Solutions Limited – Respondent