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Legal News and Updates
ICICI Bank Ltd. v. Era Infrastructure: Supreme Court on Simultaneous CIRP and Doctrine of Election
The ICICI Bank Ltd. v. Era Infrastructure simultaneous CIRP Supreme Court judgment settles whether creditors must elect between debtor and guarantor, addressing double recovery safeguards and NCLT discretion.
Chintan Shah
Mar 37 min read
Torrent Power Supreme Court Judgment (2026): CoC Commercial Wisdom and Limits of Judicial Review under IBC
The Torrent Power Supreme Court judgment reinforces the primacy of CoC commercial wisdom, holding courts cannot interfere with approved resolution plans absent statutory violations or material irregularity.
Chintan Shah
Mar 27 min read
Supreme Court on Section 7 IBC Admission and Homebuyer Society Locus: Elegna Co-op vs Edelweiss
Case Summary Case: Elegna Co-operative Housing and Commercial Society Ltd. v. Edelweiss Asset Reconstruction Company Ltd. & Takshashila Heights India Pvt. Ltd. (Civil Appeals Nos. 10261 & 10012 of 2025) Citation: 2026 INSC 58 Date of judgment: 15 January 2026 Bench: Honourable Justice J.B. Pardiwala; Honourable Justice R. Mahadevan (opinion authored by Honourable Justice R. Mahadevan) Parties: Appellants — Elegna Co-op. Housing & Commercial Society Ltd.; Takshashila Heig
Chintan Shah
Jan 195 min read
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