Thursday, December 1, 2022
More
    BlogCase Summary: Swiss Ribbons Pvt limited vs. UOI - Supreme Court

    Case Summary: Swiss Ribbons Pvt limited vs. UOI – Supreme Court

    Brief Facts of the case

    The content of this judgement is written by Agresh. He is a content writing Intern at Legal Thirst

    Case Title:

    Swiss Ribbons Pvt limited vs. UOI –

    Brief Facts of the case:

    In this case, the Honourable Supreme Court, Upheld the Constitutional validity of the Insolvency and the Bankruptcy code 2016, and also looked for the economical aspects behind this. In this Honourable Supreme Court has recreated the Opinion on the constitutional validity of the Section 12A of the Insolvency and Bankruptcy Code 2016, Ensuring that the central idea of Maximization of Value of assets of corporate debtors does not get lost in hurdles of procedures. Also, this will lead to no confusion . Honourable Supreme Court also upheld the validity of Section 29A of Insolvency and Bankruptcy Code 2016, which ensures that the person responsible for running the company into insolvency will not regain the control of the company without just paying off the debts. Also, Supreme Court ensured the proper Infrastructure for smooth functioning of Code also to setup NCLAT circuit benches within a period of 6 months from the date
    of judgement.


    Disclaimer: The opinions and views in the articles and research papers published on this website; are personal and independent opinions of the author. The website is not responsible for them.

    Legal Thirst has created a telegram group for exchanging legal knowledge, Events, and various opportunities.
    You can click on this link and join:

    Follow Legal Thirst on Instagram and Subscribe to our YouTube channel for more amazing legal content.

    Subscribe Today

    GET EXCLUSIVE FULL ACCESS TO PREMIUM CONTENT

    SUPPORT NONPROFIT JOURNALISM

    EXPERT ANALYSIS OF AND EMERGING TRENDS IN CHILD WELFARE AND JUVENILE JUSTICE

    TOPICAL VIDEO WEBINARS

    Get unlimited access to our EXCLUSIVE Content and our archive of subscriber stories.

    Exclusive content

    Latest article

    More article

    Open chat
    💬 Need help?
    Hello👋
    How can we help you ?