As the year 2024 nears its end, LiveLaw brings to you a summary of important Supreme Court judgments of the year rendered in connection with the Insolvency and Bankruptcy Code, 2016. The same are as follows:
1. IBC – Is Dissenting Financial Creditor Entitled To Minimum Value Of Security Interest? Supreme Court Refers To Larger Bench, Doubts Precedent
Case: DBS Bank Ltd Singapore v. Ruchi Soya Industries Ltd and another [2024 LiveLaw (SC) 6]
In this case, a bench comprising Justice Sanjiv Khanna (now CJI) and Justice SVN Bhatti referred to a larger bench the issue whether a dissenting financial creditor is to be paid the minimum value of its security interest as per the IBC. The bench differed from the view expressed by a coordinate bench…
