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Case law

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Find cases by citation, principle, judge or linked provision, then read the available judgment and its source.

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Supreme Court of India2023Case record
M. Suresh Kumar Reddy v. Canara Bank
(2023) 8 SCC 387
Clarified Vidarbha Industries; held that once financial debt default is established, admission of Section 7 application is the rule and rejection an exception.
Read case
Supreme Court of India2022Case record
Vidarbha Industries Power Ltd. v. Axis Bank Ltd.
(2022) 8 SCC 352
Section 7(5)(a) uses 'may'; NCLT has discretionary power not to admit Section 7 application mechanically if debtor has viable recovery prospects or pending awards.
Read case
Supreme Court of India2017Case record

Case law

Judgment Library

Find cases by citation, principle, judge or linked provision, then read the available judgment and its source.

Bare Acts Legal news and analysis

Case or citationCourtYear

Search covers case names, citations, summaries and principles. Full judgment text is not searched yet. Use quotes for a phrase, OR for alternatives, and a minus sign to exclude a term.

More search filters

JudgeFrom yearTo yearSection or article numberOrder results

Only records with full text available

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Browse decisions

Newest year first

Supreme Court of India2023Case record
M. Suresh Kumar Reddy v. Canara Bank
(2023) 8 SCC 387
Clarified Vidarbha Industries; held that once financial debt default is established, admission of Section 7 application is the rule and rejection an exception.
Read case
Supreme Court of India2022Case record
Vidarbha Industries Power Ltd. v. Axis Bank Ltd.
(2022) 8 SCC 352
Section 7(5)(a) uses 'may'; NCLT has discretionary power not to admit Section 7 application mechanically if debtor has viable recovery prospects or pending awards.
Read case
Supreme Court of India2017Case record

Innoventive Industries Ltd. v. ICICI Bank

(2018) 1 SCC 407

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.

Innoventive Industries Ltd. v. ICICI Bank

(2018) 1 SCC 407

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.