Metalyst Forgings Limited through Its Authorised Representative v. Sanjay Ambadas Kulkarni
Case brief
What is this about?
IBC clean slate principle; Section 31 IBC binding effect of approved resolution plan and extinguishment of claims not part of it; Section 32A IBC immunity of successful resolution applicant; Section 238 IBC non obstante override; Section 14 IBC moratorium; Section 7 IBC petition C.P (IB)/1555/MB/2017 State Bank of India vs. Metalyst Forgings Ltd.; Industrial Disputes Act Section 33-A complaint and Section 33(2)(b) contravention; dismissal dated 15.04.2019; reinstatement with continuity and full back wages denied post resolution-plan approval; NCLT approval dated 14.05.2024; Deccan Value Investors LP and DVI PE (Mauritius) Ltd. as SRA; Metalyst Forgings Limited formerly Ahmednagar Forgings Limited; Electrosteel Steel Limited (ESL Steel) v. Ispat Carrier Private Limited; Essar Steel v. Satish Kumar Gupta (2020) 8 SCC 531; Manish Kumar v. Union of India (2021) 5 SCC 1; Ferro Alloys Corp. Orissa High Court; Industrial Tribunal/Labour Court-II Aurangabad; writ petitions allowed and impugned orders quashed.