Swiss Ribbons Pvt. Ltd. v. Union of India
(2019) 4 SCC 17 · Supreme Court of India
The IBC was upheld as a beneficial legislation for resolution over liquidation.
Unit V · Company Law
Winding up and Insolvency and Bankruptcy Code
Study aid only. Confirm statute numbers with the current bare Act and the official OU LL.B. (3-YDC) 2024–25 syllabus PDF.
Statute sections
| Act / instrument | Section | Name |
|---|---|---|
| Companies Act, 2013 | 270–365 | Winding up (as applicable after IBC) |
| Insolvency and Bankruptcy Code, 2016 | 7–9 | Corporate insolvency resolution by financial and operational creditors |
Landmark cases
Innoventive Industries Ltd. v. ICICI Bank
(2018) 1 SCC 407 · Supreme Court of India
The NCLT must admit a s. 7 application if default is established.