Browsing: Supreme Court Upholds Rejection of ₹85-Crore Insolvency Plea Against Essar Power Gujarat;

Supreme Court Upholds Rejection of ₹85-Crore Insolvency Plea Against Essar Power Gujarat; Reiterates That IBC Cannot Be Used as a Debt Recovery Mechanism

By Anvita DwivediJuly 8, 2026

In a significant reaffirmation of one of the foundational principles of the Insolvency and Bankruptcy Code, 2016 (IBC), the Supreme…