Law on Tips(LOTS)India's Premier Legal News

⌘K

Home
The Bar Room
The Gazette
The Library
Legal League
Judgments
Careers

⚖

Loading…

Law on Tips.

A free Indian legal platform. Bringing you the latest judgments, legislative updates, and in-depth legal analysis from the Supreme Court, High Courts, and Tribunals.

© 2026 Law on Tips Media Pvt Ltd.

Explore

The Bar Room
The Gazette
The Library
Compare Acts
Legal League
Judgments
Careers

Trust & Standards

About Us
Editorial Policy
Fact-Checking
Corrections
Methodology
Ownership
Masthead
Privacy Policy
Terms of Use
Contact

Subscribe

Get the latest legal news delivered to your inbox daily.

Bar News Acts League

Innoventive Industries Ltd. v. ICICI Bank | Judgment | Law on Tips

Judgment Library/Case record

Supreme Court of India

Innoventive Industries Ltd. v. ICICI Bank

(2018) 1 SCC 407

Decision date: 2017
Text availability: Summary or case record only
Bench: 2-Judge Bench

Source: landmark_precedents seed

Case summary

Adjudicating Authority must only see whether default has occurred. Moment a default occurs, application under Section 7 must be admitted; speed is essence; directors powers suspended.

Advertisement

Principle

Adjudicating Authority must only see whether default has occurred. Moment a default occurs, application under Section 7 must be admitted; speed is essence; directors powers suspended.

Connected provisions and cases

interpretsThe Insolvency and Bankruptcy Code, 2016. · Section 7 Other decisions on this provision →

Related judgments

M. Suresh Kumar Reddy v. Canara Bank · (2023) 8 SCC 387 · 2023 · 1 shared provision
Vidarbha Industries Power Ltd. v. Axis Bank Ltd. · (2022) 8 SCC 352 · 2022 · 1 shared provision

Judgment text

Full judgment text is not available in this record.

Judgment Library/Case record

Supreme Court of India

Innoventive Industries Ltd. v. ICICI Bank

(2018) 1 SCC 407

Decision date: 2017
Text availability: Summary or case record only
Bench: 2-Judge Bench

Source: landmark_precedents seed

Case summary

Adjudicating Authority must only see whether default has occurred. Moment a default occurs, application under Section 7 must be admitted; speed is essence; directors powers suspended.

Advertisement

Principle

Adjudicating Authority must only see whether default has occurred. Moment a default occurs, application under Section 7 must be admitted; speed is essence; directors powers suspended.

Connected provisions and cases

interpretsThe Insolvency and Bankruptcy Code, 2016. · Section 7 Other decisions on this provision →

Related judgments

M. Suresh Kumar Reddy v. Canara Bank · (2023) 8 SCC 387 · 2023 · 1 shared provision
Vidarbha Industries Power Ltd. v. Axis Bank Ltd. · (2022) 8 SCC 352 · 2022 · 1 shared provision

Judgment text

Full judgment text is not available in this record.