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SC flags bidders for undermining IBC
Hindustan Times Delhi
|February 28, 2026
The Supreme Court on Friday pulled up unsuccessful bidding companies in insolvency cases for challenging commercial decisions taken by lenders, warning that such attempts undermine the design of India's bankruptcy framework.
Unsuccessful bidders cannot challenge the decisions of the CoC, says SC.
(MIN)
A bench led by Justice B.V. Nagarathna made the observations while upholding the resolution plan of Sarda Energy & Minerals Ltd for SKS Power Generation (Chhattisgarh) Ltd.
Cette histoire est tirée de l'édition February 28, 2026 de Hindustan Times Delhi.
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