Laws laid down by supreme court

Object of IBC;(6.4.22)

Object of IBC;(6.4.22)

The Indian Judiciary and the constitution of India believe that every citizen of India must get “complete justice”. The Constitution of India under Article 142 grants the power to the Supreme Court for passing any decree to do “complete justice”  Further, there is no specific guideline or rule provided by the law which explains when, where and under which circumstances the Apex Court can invoke the said article to do “complete justice”. 


 The object and purpose of 14 ofthe IBCInsolvency and Bankruptcy Code, 2016  is not to kill the company and stop/stall the project, but to ensure that the business of the company runs as a going concern”sc

Amit Katyal V/S  Meera Ahuja & others

civil appeal No. 3778 of 2020 Supreme Court

Bench of M.R. Shah; B.V. Nagarathna, J  in case of 


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