Introduction
In a recent judgment delivered by the Supreme Court of India,1 it has been reaffirmed that the Insolvency and Bankruptcy Code, 20162 (IBC/Code) is a complete Code in itself, having sufficient checks and balances, and thus, the exercise of supervisory jurisdiction and judicial review by the High Courts should only be exercised in exceptional and compelling circumstances. The judgment expounded on the scope of judicial intervention, outside the remit of the adjudicating authority3 during the corporate insolvency resolution process (CIRP). The decision, passed in an appeal which arose from the Karnataka High Court came down heavily on the High Court’s exercise of its plenary jurisdiction under Article 2264 of the
