V Nagarajan vs SKS Ispat and Power Ltd.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2021 Supreme(SC) 621

D.Y.CHANDRACHUD, VIKRAM NATH, BV NAGARATHNA
V Nagarajan – Appellant
Versus
SKS Ispat and Power Ltd. – Respondent

Advocates Appeared:
For the Appellant(s) :R. Subramanian, Vipin Kumar Jai, Advocates
For the Respondent(s):Neeraj Kishan Kaul, Atul Shanker Mathur, Priya Singh, Amlaan Kumar, Adv. for M/S. Khaitan & Co., AOR Neeraj chaudhari, Pooja Dhar, Abhijit Sengupta, Ram Lal Roy, Advocates

JUDGMENT :

Dhananjaya Y Chandrachud, J

This judgment has been divided into sections to facilitate analysis.

A Facts ........................................................................................ 2
B Submissions of Parties ............................................................. 5
	B.1 Appellant’s submissions ................................................5
	B.2 Respondent’s submissions ............................................. 9
C Analysis ......................................................................................12
D Conclusion...................................................................................28

A Facts

1. This appeal arises under Section 62 of the Insolvency and Bankruptcy Code 2016¹[“IBC”] from the judgment of the National Company Law Appellate Tribunal, Delhi²[“NCLAT”] dated 13 July 2020³[Company Appeal (AT) (Insolvency) 561 of 2020]. The NCLAT dismissed the appeal as barred by limitation. The appellant had filed an appeal against the National Company Law Tribunal, Chennai’s⁴[“NCLT”] order dated 31 December 2019⁵[MA 906 of 2019 in CA/38/IB/2018 (NCLT, Chennai

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2021 Supreme(SC) 621

D.Y.CHANDRACHUD, VIKRAM NATH, BV NAGARATHNAV Nagarajan – AppellantVersusSKS Ispat and Power Ltd. – Respondent

Cases Referred (15)

D.Y.CHANDRACHUD, VIKRAM NATH, BV NAGARATHNA
V Nagarajan – Appellant
Versus
SKS Ispat and Power Ltd. – Respondent