Indian Journal for Research in Law and Management
Advancing Law and Management
ISSN No. : 2583-9896
ISSN No. : 2583-9896
CASE COMMENTARY: K. SASHIDHAR V. INDIAN OVERSEAS BANK AND ORS.
Abstract
The case of Sashidhar v. Indian Overseas Bank and ors was decided on the 5th of
February 2019 by the Supreme Court, presided over by Justice A.M. Kanwilkar and Justice
Ajay Rastogi. The case arose from appeals challenging a shared judgment passed by the
NCLAT, Delhi, with regard to insolvency proceedings, concerning two separate corporate
debtors, namely, Kamineni Steel and Power India Pvt Ltd (KS&PIPL), headquartered in
Hyderabad, and Innoventive Industries Ltd, in Mumbai. Although the appeals involved
different corporate debtors, they were decided jointly by the Supreme Court, since they raised
a common question relating to Section 30(4) of the Insolvency and Bankruptcy Code 2016.