M&A Critique

Kalyani Transco v. Bhushan Power & Steel: Landmark IBC Jurisprudence on Resolution Plans

The recent Supreme Court judgment in Kalyani Transco v. Bhushan Power & Steel Ltd. (26 September 2025) — a landmark decision under the Insolvency and Bankruptcy Code, 2016 (IBC) holds significant implications for resolution professionals, lenders, investors, and legal advisors engaged in insolvency and restructuring matters.

We shall run through the highlights of the Supreme Court‘s dec...

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Haresh Shah

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