In recent years, several noteworthy judgments have been rendered by the Indian Courts and Tribunals in matters pertaining to the Insolvency and Bankruptcy Code, 2016 (IBC). This article covers ten such significant decisions rendered in the year 2025.
1. Independent Sugar Corpn. Ltd. vs. Hindustan National Gas & Industries Ltd. (Resolution Professional) [(2025) 5 SCC 209]
The Supreme Court, in its judgment in Independent Sugar Corporation Ltd., has held that prior approval of the Competition Commission of India (“CCI“) under Section 31(4) of the Insolvency and Bankruptcy Code, 2016 (“IBC“) is mandatory before the Committee of Creditors (“CoC“) votes on the Resolution Plan.
Brief Facts
Hindustan National Glass and Industries Ltd….