Committee of Creditors

Supreme Court lifts the corporate veil to fold subsidiary land into a parent's CIRP, and strips GNIDA of penal charges for its own years of inaction.

The NCLAT upheld Nuvoco’s ₹1,800 crore takeover of Vadraj Cement, rejecting employee objections and reaffirming the primacy of CoC’s commercial wisdom under the IBC. The ruling clears hurdles for resolution and strengthens predictability in India’s insolvency regime.

Commercial wisdom of CoC has been given the prominent status"—Supreme Court upholds creditor-driven resolution in Piramal Capital v. 63 Moon