Mere Pendency of Restructuring Arrangements Cannot Stall CIRP Under IBC: Supreme Court of India
On 24 February 2026, the Supreme Court of India delivered a significant judgment clarifying that mere existence of a restructuring arrangement does not bar initiation of Corporate Insolvency Resolution Process. The case titled CATALYST TRUSTEESHIP LTD. VERSUS ECSTASY REALTY PVT. LTD. was decided by a Bench comprising Justice Sanjay Kumar and Justice K Vinod Chandran. Dispute Over Section 7 Application Under IBC The matter arose after the National Company Law…
