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 IBC‘Insolvency 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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