• COURTSupreme Court of India
• TITLE/CORAM M/S INVENT ASSET SECURITISATION AND RECONSTRUCTION PVT. LTD. v. M/S GIRNAR FIBRES LTD. HMJ Dinesh Maheshwari
  HMJ Aniruddha Bose
  Civil Appeal No. 3033 of 2022

The Apex court while hearing an appeal against the order of NCLAT wherein the appellants application under Section 7 was rejected has reiterated that the provisions of insolvency and bankruptcy code are essentially intended to bring the corporate debtor to its feet and are not of money recovery proceedings as such. The appellant filed an application seeking default that occurred way back in 2002.