Power Trust v. Bhuvan Madan
Supreme Court of IndiaSupreme Court of India, 2026, February judgment reference 174Bench: Supreme Court bench
The Supreme Court (February 18) reaffirmed that the remedy under Section 7 of the Insolvency & Bankruptcy Code (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) is not discretionary but mandatory, leaving the adjudicating authority with no option but to admit the application once the existence of a debt and a default is established.