Supreme Court holds that suspension, idling and demobilization damages from a contract breach do not constitute operational debt under the IBC unless crystallized by a competent court or arbitral tribunal.
Read Full ArticleSupreme Court sets aside NCLT, NCLAT orders over AI-hallucinated fake citations, declares zero tolerance, and directs Bar Council to frame disciplinary guidelines.
Supreme Court dismisses Pawan Kumar Ahluwalia’s appeal in KJS Cement dispute, upholding NCLAT’s share restoration order.
NCLAT dismisses Vedanta’s plea against Adani’s ₹57,000 crore JAL resolution plan, upholds CoC decision, and rejects post-bid addendum challenge.
Supreme Court refuses to stay Adani’s JAL resolution plan, asks NCLAT to hear Vedanta’s appeal on priority in the high-stakes insolvency dispute.
Jaypee takeover row reaches Supreme Court as Vedanta challenges Adani’s JAL resolution plan, citing higher bid and value maximisation issues.
Supreme Court warns Meta and WhatsApp to follow India’s Constitution or leave, slams privacy policy and data sharing with Meta companies.
Supreme Court upholds joint insolvency proceedings against interlinked real estate companies, allowing a single IBC petition for linked projects.
SC upholds JSW Steel’s ₹19,700 Cr resolution plan for Bhushan Power & Steel, rejecting ex-promoters’ plea and reinforcing IBC’s finality.
SC: Unfair to deny flat buyer’s claim once listed as financial creditor under IBC; directs handover of apartment within two months.
SC recalls its May 2 verdict cancelling JSW Steel’s ₹19,300 Cr resolution plan for Bhushan Power; matter to be heard afresh on August 7.
Supreme Court orders liquidation of Jet Airways, overturns NCLAT’s approval of Jalan Kalrock Consortium plan. Major impact on creditors and airline’s future.
Supreme Court sets aside NCLAT’s order approving Byju’s Rs 158.9 crore settlement with BCCI, directing fresh adjudication in the insolvency proceedings.
SC stays NCLAT's approval of Byju's Rs 158.9 Cr settlement with BCCI, directing the amount to be held in escrow pending further orders.
Delhi High Court issues a contempt of court notice to the insolvency resolution professional of the bankrupt Go First airline.
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![Uncrystallized Damages From Breach of Contract Not Operational Debt Under IBC : SC [Read Judgment]](/secure/uploads/2026/08/lj_5297_ChatGPT_Image_Aug_13,_2026,_02_08_42_AM.webp)
![SC Refuses Relief to Pawan Kumar Ahluwalia in KJS Cement Shareholding Dispute; NCLAT Order Upheld [Read Order]](/secure/uploads/2026/05/lj_7287_SC_Refuses_Relief_to_Pawan.webp)
![SC Upholds Joint Insolvency Proceedings Against Interlinked Real Estate Companies [Read Judgment]](/secure/uploads/2026/02/lj_8878_SC_Upholds_Joint_Insolvency.webp)
![SC upholds resolution plan by JSW Steel for Bhushan Power & Steel Ltd [Read Judgment]](/secure/uploads/2025/09/lj_5134_SC_upholds_resolution.webp)
![Unfair to deny flat buyer's claim after publication of financial creditors list under IBC: SC [Read Judgment]](/secure/uploads/2025/09/lj_3636_Unfair_to_deny_flat_buyers_claim.jpeg)
