Resolution Applicants Cannot Reopen Commercial Risks After Approval of a Resolution Plan: Supreme Court Reinforces Finality Under the Insolvency and Bankruptcy Code

Resolution Applicants Cannot Reopen Commercial Risks After Approval of a Resolution Plan: Supreme Court Reinforces Finality Under the Insolvency and Bankruptcy Code

The Supreme Court’s decision in Sanjay Dave v. Andhra Bank Ltd. & Ors., 2026 INSC 580, marks another significant milestone in the evolution of insolvency jurisprudence under the Insolvency and Bankruptcy Code, 2016 (“IBC”). The judgment reaffirms a principle that has consistently informed the Code since its inception, namely that commercial certainty and procedural finality […]

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