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Axis Bank Limited v. Naren Seth & Anr.

Court
Supreme Court of India
Decided
19 January 2024
Bench
Vikram Nath, Satish Chandra Sharma
Case no.
M.A. No. 190 of 2024

Issue for consideration

Application was filed by the applicant-appellant seeking clarification of the judgment reported in [2023] 14 SCR 581.

Headnote

Insolvency and Bankruptcy Code, 2016 – Limitation Act, 1963 – Judgment reported in [2023] 14 SCR 581, corrected to an extent – Word “unsecured creditor” referred in para 20 of the judgment to be read as “secured creditor”.

Headnote as published in the Digital Supreme Court Reports by the Supreme Court of India. Paragraph references point to the judgment below.

Judgment

Order Delay condoned.

¶2This application is filed by the applicant-appellant seeking clarification of the judgment dated 12.09.2023 passed in Civil Appeal No.2085 of 2022.

¶3Heard learned counsel for the parties.

¶4The word “unsecured creditor” referred to in paragraph 20 of the judgment be now read as “secured creditor”.

¶5Judgment dated 12.09.2023 is corrected to the above extent only.

¶6Miscellaneous application is disposed of accordingly. Headnotes prepared by: Bibhuti Bhushan Bose Result of the case: M.A. disposed of.

Case details

Arising from

CIVIL APPELLATE JURISDICTION : Miscellaneous Application No.190 Of 2024 From the Judgment and Order dated 22.09.2021 of the National Company Law Appellate Tribunal, Principal Bench, New Delhi in Company Appeal (AT) (Insolvency) No.930 of 2021.

Appearances

Sanjiv Sen, Sr. Adv., Ujjal Banerjee, Akash Khurana, Advs. for the Appellant. Ms. Neha Sharma, Surya Prakash, Ms. Megha Karnwal, Arjun Bhatia, Devesh Dubey, Ms. Mahima Kapur, Ms. Divya Singh Pundir, Vikas Mehta, Advs. for the Respondents.

Source: Supreme Court of India, Digital Supreme Court Reports, via the Indian Supreme Court Judgments open dataset (CC BY 4.0). Text was extracted from the official PDF and may contain conversion errors. Check the official PDF before relying on it.