Ujaas Energy Ltd. v. West Bengal Power Development
Supreme Court of IndiaEL-SC-2026-03-075Bench: Dipankar Datta; Augustine George Masih partly
The Supreme Court has held that while claims not included in an approved resolution plan under the Insolvency and Bankruptcy Code, 2016 stand extinguished, a limited plea of set-off can still be raised as a defence in arbitral proceedings, provided it does not result in any affirmative recovery.