Supreme Court's verdict on Essar establishes much more than Section 29A jurisprudence

Varun Marwah October 5 2018
Essar steel

The Supreme Court has given its first (and final) ruling, interpreting Section 29A of the IBC. The precedent set in the case of Essar Steel by Justices Rohinton Nariman and Indu Malhotra, will now serve as a template for Section 29A (in)eligibility, just like the Innoventive ruling has served as a precedent for the IBC.

Arguably, Essar could be the most dramatic episode in two . . .

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