Insolvency protection cannot become an instrument to perpetuate displacement or defer the constitutional promise of dignified housing, the Supreme Court underlined on Friday, stressing that the Insolvency and Bankruptcy Code (IBC) was never intended to shield developers who default, abandon performance or frustrate projects of public significance. Economic revival, the court held, cannot eclipse the fundamental right of citizens to live in safe and habitable conditions.
A bench of justices JB Pardiwala and R Mahadevan dismissed an appeal filed by…