LANDMARK CASE

Innoventive Industries v. ICICI Bank

(2018) 1 SCC 407 · Supreme Court of India · Insolvency law

At a glance

Citation: (2018) 1 SCC 407
Court: Supreme Court of India
Area of law: Insolvency law
In one line: Yes. The IBC prevails over inconsistent state laws, and admission depends on default.

1 Facts

A company resisted insolvency proceedings citing a state relief law.

2 Issue

Does the IBC override state laws?

3 What the court decided

Yes. The IBC prevails over inconsistent state laws, and admission depends on default.

4 Why it matters

An early landmark interpreting the IBC.

5 Think about it

What is the role of 'default' in admission?

6 Analyse it yourself

Read the full judgment from an official source or a law database, then brief it in seven steps: facts, issues, arguments, decision, ratio, obiter and significance. Always check the citation before you rely on it.

7 More cases on Insolvency law

ArcelorMittal India v. Satish Kumar Gupta (2019) 2 SCC 1
Committee of Creditors of Essar Steel v. Satish Kumar Gupta (2020) 8 SCC 531
Mobilox Innovations v. Kirusa Software (2018) 1 SCC 353
Pioneer Urban Land v. Union of India (2019) 8 SCC 416
Swiss Ribbons v. Union of India (2019) 4 SCC 17

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