Real judgements, distilled

Legal Case Shots

Court judgements broken down into the case type, how the decision played out, and the lesson worth remembering, with the full judgement available as a PDF.

Frequently asked questions

Is this suitable for use in legal research and court filings?+

Legal Case Shots is built to help you quickly identify and understand relevant precedent. For citation in pleadings or filings, always verify against the full judgment PDF and current citation format (e.g., 2026 INSC ___).

How is a "lesson learnt" different from the judgment's holding?+

The holding is what the court legally decided. The lesson learnt translates that into a practical takeaway: what a lawyer should factor into case strategy or client advice as a result of this precedent.

Is the full judgment available, or just a summary?+

Both. Each case shows a distilled summary (case type, key holding, and lesson learnt) and links to the full judgment as a PDF for when you need the complete text for research or citation.

Can I filter judgments by date or case type?+

Yes. Use Advanced Filters to narrow results by decision date and by practice area, including Constitutional Law, Criminal Law, Service & Administrative Law, Family Law, Civil Property & Inheritance, and Labour & Industrial Law.

Can I search judgments by a specific judge?+

Yes. You can filter judgments by the judge or bench that decided the case, which is useful for tracking how a particular judge has reasoned on similar issues across multiple rulings.

What is Legal Case Shots?+

Legal Case Shots is a searchable database of Supreme Court of India judgments, each broken down into the case type, the court's key holding, and a practical lesson learnt, with the full judgment available as a PDF for citation or deeper reading.

Company & Insolvency LawSupreme Court of India

The Karad Urban Cooperative Bank Ltd. v. Swwapnil Bhingardevay & Ors.

Civil Appeal · 2020 INSC 533Decided 4 Sept 2020
Civil Appeal No. 2955 of 2020
Chief Justice S.A. Bobde · Justice A.S. Bopanna · Justice V. Ramasubramanian

Background

A cooperative bank initiated insolvency proceedings against a sugar factory (the corporate debtor), and after a lengthy process, the Committee of Creditors approved a Resolution Plan submitted by a company called Sai Agro, which the National Company Law Tribunal (NCLT) also approved. The corporate debtor's own promoter/director challenged this approval before the National Company Law Appellate Tribunal (NCLAT), which set aside the approval and sent the plan back to the creditors' committee, prompting the financial creditor and the resolution professional to appeal to the Supreme Court.

Decision Breakdown

The Supreme Court restored the NCLT's original approval of the Resolution Plan, holding that the NCLAT had wrongly second-guessed the "commercial wisdom" of the Committee of Creditors on questions of viability and feasibility, which the law places outside the scope of judicial review. It also rejected, one by one, the NCLAT's other grounds: an alleged leak of confidential valuation data (shown to be an innocent coincidence, given the typographical nature of the alleged evidence), a dispute over ownership of certain machinery (already known to and accounted for by all parties), and an allegedly defective public advertisement (based on a regulation that did not even apply at the relevant time). The Court was notably skeptical of the promoter's motives, remarking that his objections amounted to "the wolf shedding tears for the lamb."

Lesson Learnt

Courts give significant deference to the collective commercial decisions of a creditors' committee in insolvency cases and will not reopen a resolution plan's business viability merely because a company's own promoter, who stands to lose control of the company, raises technical objections after the fact.

The Karad Urban Cooperative Bank Ltd. v. Swwapnil Bhingardevay & Ors. – Legal Case Shots | LegalAware