# In the matter of Skil Infrastructure Limited vs. Sudip Bhattacharya

> SC judgment dated 2024-04-01. Citation: TCN-2024-SC-00082. The case involves an appeal brought before the Supreme Court of India. The appellant, Skil…

- **Court:** SC
- **Order date:** 1 Apr 2024
- **Citation:** TCN-2024-SC-00082
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/skil-infrastructure-limited-vs-sudip-bhattacharya-080bd6c7

## Summary

### Background

The case involves an appeal brought before the Supreme Court of India. The appellant, Skil Infrastructure Limited, is a corporate guarantor under Section 5(5A) of the Insolvency and Bankruptcy Code, 2016. The appeal challenges a judgment, the details of which are not provided in the document.

## Facts

Skil Infrastructure Limited filed an appeal before the Supreme Court of India. Skil Infrastructure Limited is a corporate guarantor as per Section 5(5A) of the Insolvency and Bankruptcy Code, 2016. The core issue is whether Skil Infrastructure Limited's claim against the second/new promoters/management makes them a financial creditor against the corporate debtor itself. The court also considered the applicability of Section 140 of the Contract Act, 1872. The Supreme Court dismissed the appeal.

## Issues and analysis

### Issue 1: Whether the appellant's claim against the second/new promoters/management makes them a financial …

**Ratio:** A corporate guarantor's claim against new promoters/management does not automatically

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**Reasoning:** The court determined that the claim against the new promoters/management does not

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**Interpretation:** The interpretation of the Insolvency and Bankruptcy Code, 2016, specifically

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**Application:** The court applied the principle to the specific facts, concluding that Skil

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## Parties

- **Judges:** SANJIV K…; DIPANKAR…
- **Appellants:** SKIL INFRASTRUCTUR…
- **Respondents:** Sudip Bhatt…
- **Other parties:** Affir…
- **Advocates:** Shikhil Shi…; Madhu…; +7 more

## Timeline

- **2022-01-01 — Civil Appea…**: Civil Appeal No.…
- **2024-04-01 — Appeal He…**: The appeal was called…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 5(5a) — Definitions](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-5)

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