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    Supreme Court Strikes Balance: Set-Off Rights in Insolvency
    2024-07-24

    The Supreme Court in Bharti Airtel Ltd & Anr. v. Vijaykumar V. Iyer & Ors. (Civil Appeals nos. 3088-89 of 2020) clarified the law on permissibility of set-off of claims under Insolvency and Bankruptcy Code, 2016 ("The Code") at the stage of Corporate Insolvency Resolution Process ("CIRP") when the Resolution Professional ("RP") proceeds under Section 25 (2)(a) of the Code.

    Filed under:
    India, Insolvency & Restructuring, Litigation, Numen Law Offices, Insolvency and Bankruptcy Code 2016 (India)
    Authors:
    Ansh Mittal
    Location:
    India
    Firm:
    Numen Law Offices
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