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Documents citing Vidarbha Industries Power Limited vs Axis Bank Limited on 12 July, 2022

Pranav Ansal vs Il&Fs Financial Services Limited on 7 January, 2026

In the reply, which was filed by the CD before the Adjudicating Authority, the CD placed reliance on judgment of the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. vs. Axis Bank Ltd. - (2022) 8 SCC 352, in which case the Hon'ble Supreme Court was of the view that in the facts of the said case, where CD was possessed with decree in arbitration of decretal amount, which was more than the debt and default, it held that initiation of CIRP in such cases is not mandatory. In the facts of the present case, there are no such facts or pleadings on which it can be held that initiation of CIRP was uncalled for. It is true that in the reply, the CD has pleaded that it is executing multiple projects across diverse location and initiation of CIRP would paralyze these projects and result in destruction of value for creditors and other stakeholders.
National Company Law Appellate Tribunal Cites 27 - Cited by 0 - Full Document

Pranav Ansal vs Il&Fs Financial Services Limited on 7 January, 2026

In the reply, which was filed by the CD before the Adjudicating Authority, the CD placed reliance on judgment of the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. vs. Axis Bank Ltd. - (2022) 8 SCC 352, in which case the Hon'ble Supreme Court was of the view that in the facts of the said case, where CD was possessed with decree in arbitration of decretal amount, which was more than the debt and default, it held that initiation of CIRP in such cases is not mandatory. In the facts of the present case, there are no such facts or pleadings on which it can be held that initiation of CIRP was uncalled for. It is true that in the reply, the CD has pleaded that it is executing multiple projects across diverse location and initiation of CIRP would paralyze these projects and result in destruction of value for creditors and other stakeholders.
National Company Law Appellate Tribunal Cites 27 - Cited by 0 - Full Document

Pranav Ansal vs Il&Fs Financial Services Limited on 7 January, 2026

In the reply, which was filed by the CD before the Adjudicating Authority, the CD placed reliance on judgment of the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. vs. Axis Bank Ltd. - (2022) 8 SCC 352, in which case the Hon'ble Supreme Court was of the view that in the facts of the said case, where CD was possessed with decree in arbitration of decretal amount, which was more than the debt and default, it held that initiation of CIRP in such cases is not mandatory. In the facts of the present case, there are no such facts or pleadings on which it can be held that initiation of CIRP was uncalled for. It is true that in the reply, the CD has pleaded that it is executing multiple projects across diverse location and initiation of CIRP would paralyze these projects and result in destruction of value for creditors and other stakeholders.
National Company Law Appellate Tribunal Cites 27 - Cited by 0 - Full Document

Pranav Ansal vs Il&Fs Financial Services Limited on 7 January, 2026

In the reply, which was filed by the CD before the Adjudicating Authority, the CD placed reliance on judgment of the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. vs. Axis Bank Ltd. - (2022) 8 SCC 352, in which case the Hon'ble Supreme Court was of the view that in the facts of the said case, where CD was possessed with decree in arbitration of decretal amount, which was more than the debt and default, it held that initiation of CIRP in such cases is not mandatory. In the facts of the present case, there are no such facts or pleadings on which it can be held that initiation of CIRP was uncalled for. It is true that in the reply, the CD has pleaded that it is executing multiple projects across diverse location and initiation of CIRP would paralyze these projects and result in destruction of value for creditors and other stakeholders.
National Company Law Appellate Tribunal Cites 27 - Cited by 0 - Full Document

Pranav Ansal vs Il&Fs Financial Services Limited on 7 January, 2026

In the reply, which was filed by the CD before the Adjudicating Authority, the CD placed reliance on judgment of the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. vs. Axis Bank Ltd. - (2022) 8 SCC 352, in which case the Hon'ble Supreme Court was of the view that in the facts of the said case, where CD was possessed with decree in arbitration of decretal amount, which was more than the debt and default, it held that initiation of CIRP in such cases is not mandatory. In the facts of the present case, there are no such facts or pleadings on which it can be held that initiation of CIRP was uncalled for. It is true that in the reply, the CD has pleaded that it is executing multiple projects across diverse location and initiation of CIRP would paralyze these projects and result in destruction of value for creditors and other stakeholders.
National Company Law Appellate Tribunal Cites 27 - Cited by 0 - Full Document

Gagan Tondon vs Il&Fs Financial Services Limited on 7 January, 2026

In the reply, which was filed by the CD before the Adjudicating Authority, the CD placed reliance on judgment of the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. vs. Axis Bank Ltd. - (2022) 8 SCC 352, in which case the Hon'ble Supreme Court was of the view that in the facts of the said case, where CD was possessed with decree in arbitration of decretal amount, which was more than the debt and default, it held that initiation of CIRP in such cases is not mandatory. In the facts of the present case, there are no such facts or pleadings on which it can be held that initiation of CIRP was uncalled for. It is true that in the reply, the CD has pleaded that it is executing multiple projects across diverse location and initiation of CIRP would paralyze these projects and result in destruction of value for creditors and other stakeholders.
National Company Law Appellate Tribunal Cites 27 - Cited by 0 - Full Document

Gagan Tondon vs Il&Fs Financial Services Limited on 7 January, 2026

In the reply, which was filed by the CD before the Adjudicating Authority, the CD placed reliance on judgment of the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. vs. Axis Bank Ltd. - (2022) 8 SCC 352, in which case the Hon'ble Supreme Court was of the view that in the facts of the said case, where CD was possessed with decree in arbitration of decretal amount, which was more than the debt and default, it held that initiation of CIRP in such cases is not mandatory. In the facts of the present case, there are no such facts or pleadings on which it can be held that initiation of CIRP was uncalled for. It is true that in the reply, the CD has pleaded that it is executing multiple projects across diverse location and initiation of CIRP would paralyze these projects and result in destruction of value for creditors and other stakeholders.
National Company Law Appellate Tribunal Cites 27 - Cited by 0 - Full Document

Pranav Ansal vs Il&Fs Financial Services Limited on 7 January, 2026

In the reply, which was filed by the CD before the Adjudicating Authority, the CD placed reliance on judgment of the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. vs. Axis Bank Ltd. - (2022) 8 SCC 352, in which case the Hon'ble Supreme Court was of the view that in the facts of the said case, where CD was possessed with decree in arbitration of decretal amount, which was more than the debt and default, it held that initiation of CIRP in such cases is not mandatory. In the facts of the present case, there are no such facts or pleadings on which it can be held that initiation of CIRP was uncalled for. It is true that in the reply, the CD has pleaded that it is executing multiple projects across diverse location and initiation of CIRP would paralyze these projects and result in destruction of value for creditors and other stakeholders.
National Company Law Appellate Tribunal Cites 27 - Cited by 0 - Full Document

Gagan Tondon vs Il&Fs Financial Services Limited on 7 January, 2026

In the reply, which was filed by the CD before the Adjudicating Authority, the CD placed reliance on judgment of the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. vs. Axis Bank Ltd. - (2022) 8 SCC 352, in which case the Hon'ble Supreme Court was of the view that in the facts of the said case, where CD was possessed with decree in arbitration of decretal amount, which was more than the debt and default, it held that initiation of CIRP in such cases is not mandatory. In the facts of the present case, there are no such facts or pleadings on which it can be held that initiation of CIRP was uncalled for. It is true that in the reply, the CD has pleaded that it is executing multiple projects across diverse location and initiation of CIRP would paralyze these projects and result in destruction of value for creditors and other stakeholders.
National Company Law Appellate Tribunal Cites 27 - Cited by 0 - Full Document

Pranav Ansal vs Il&Fs Financial Services Limited on 7 January, 2026

In the reply, which was filed by the CD before the Adjudicating Authority, the CD placed reliance on judgment of the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. vs. Axis Bank Ltd. - (2022) 8 SCC 352, in which case the Hon'ble Supreme Court was of the view that in the facts of the said case, where CD was possessed with decree in arbitration of decretal amount, which was more than the debt and default, it held that initiation of CIRP in such cases is not mandatory. In the facts of the present case, there are no such facts or pleadings on which it can be held that initiation of CIRP was uncalled for. It is true that in the reply, the CD has pleaded that it is executing multiple projects across diverse location and initiation of CIRP would paralyze these projects and result in destruction of value for creditors and other stakeholders.
National Company Law Appellate Tribunal Cites 27 - Cited by 0 - Full Document
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