KALYANI TRANSCO v. M/S BHUSHAN POWER AND STEEL LTD.
Discusses IBC sections, CIRP regulations, CoC powers, and judicial review limits, offering broad insights into insolvency law. Citation: 2025 INSC 1165 Court: Supreme Court of India List of Laws: Insolvency and Bankruptcy Code, 2016; Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016; Arbitration and Conciliation Act, 1996; Banking Regulation Act, 1949; Indian Penal Code, 1860; Prevention of Corruption Act, 1988; The Prevention of Money Laundering Act, 2002; Constitution of India, 1949; General Principles of Law Legal Discussion: Insolvency and Bankruptcy Code, 2016: The judgment extensively discusses several sections of the IBC. Section 7 concerns the initiation of the CIRP by a financial creditor. Section 12 deals with the time limit for completion of the insolvency resolution process. Section 14 discusses the imposition of a moratorium. Sect...