Creditor Left With 0.72% Payout in Insolvency Allowed to Seek Set-Off in Arbitration: Supreme Court
The Supreme Court of India has allowed KNK Construction Private Limited to use its claim against a contractor for set-off in arbitration, even though the claim was substantially reduced under an insolvency resolution plan. The judgment was delivered on October 8, 2026, in Civil Appeal arising from Special Leave Petition (C) No. 25068 of 2026. The dispute arose from a construction contract dated July 9, 2018, worth Rs. 133.68 crore.…
