Corporate Insolvency: Discretionary Powers of Courts in IBC Proceedings
Vidarbha Industries Power Ltd. v. Axis Bank Ltd. (2022) 8 SCC 352 By Annie Mittal and Aarushi Singh, Advocates Relevant Facts: Vidarbha Industries Power Ltd. (“Vidarbha”) is a generating company as defined under Section 2(28) of the Electricity Act, 2003. It has established a 600 MW coal-fired thermal power plant, comprising two units of 300 […]