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

Vallal RCK vs. M/s Siva Industries and Holdings Limited and Others

Civil AppealDecided 3 Jun 2022
Civil Appeal Nos. 1811-1812 of 2022
B.R. Gavai · Hima Kohli

Background

After insolvency proceedings were initiated against Siva Industries and Holdings Limited (the "Corporate Debtor") on IDBI Bank's application, an initial resolution plan failed to get the required 66% approval from the Committee of Creditors (CoC). The appellant, the company's promoter, then proposed a one-time settlement plan; after several rounds of deliberation and one creditor changing its position, the CoC ultimately approved the settlement with 94.23% voting share, well above the 90% threshold required by Section 12A of the Insolvency and Bankruptcy Code, 2016. Despite this overwhelming approval, the National Company Law Tribunal (NCLT) rejected the withdrawal application (calling it a "business restructuring plan" rather than a simple settlement) and instead ordered liquidation, and the National Company Law Appellate Tribunal (NCLAT) upheld that rejection.

Decision Breakdown

The Supreme Court held that once 90% or more of the CoC, after due deliberation, decides in its commercial wisdom that a settlement and withdrawal of CIRP is in the interest of all stakeholders, neither the adjudicating authority (NCLT) nor the appellate authority (NCLAT) can sit in appeal over that commercial decision: interference is warranted only if the CoC's decision is wholly capricious, arbitrary, irrational, or contrary to the statute. Reviewing the CoC's meeting records, the Court found genuine, extensive deliberation (including amendments made to the settlement plan in response to creditor feedback) rather than any arbitrariness, and noted that Section 12A's 90% threshold is intentionally stricter than the 66% needed to approve a resolution plan, precisely because it demands broad creditor consensus. It therefore quashed the NCLAT and NCLT orders, allowed the appeals, and directed that the resolution professional's application for withdrawal of the CIRP be allowed.

Lesson Learnt

When an overwhelming majority of creditors (90% or more) agree to settle and exit an insolvency process, tribunals cannot second-guess that commercial judgment: judicial interference in India's insolvency framework is meant to be minimal and reserved only for genuinely capricious or unlawful decisions.

Vallal RCK vs. M/s Siva Industries and Holdings Limited and Others – Legal Case Shots | LegalAware