Supreme Court · 2026 INSC 58 · Decided 15 January 2026
Elegna CO-OP. Housing and Commercial Society LTD. v. Edelweiss Asset Reconstruction Company Limited & ANR.
- Court
- Supreme Court of India
- Citation
- 2026 INSC 58 · [2026] 1 S.C.R. 850
- Case number
- CIVIL APPEAL No. 10261/2025
- Decided
- 15 January 2026
- Bench
- J.B. PARDIWALA, R MAHADEVAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- IBC Section 5(8)(f), 7, 7(5)(a)
Headnote
Issue arose whether the NCLAT was correct in admitting Corporate Debtor into the Corporate Insolvency Resolution Process; and whether the NCLAT was correct in rejecting the Intervention application filed by Code, 2016 - ss.5(8)(f), 7, 7(5)(a) - Corporate Insolvency Resolution Process (CIRP) - Admission of the Corporate Debtor into CIRP - Locus standi to intervene in proceedings u/s.7 - Appellant-Corporate debtor availed financial assistance of Rs.70 crores from
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