The SC's recall of its Bhushan Power ruling signals concern over undermining years-long resolution plans cleared by NCLT and NCLAT
If a closed deal faces liquidation years later, investor confidence and the IBC’s credibility are bound to suffer long-term damage
With ₹20,000 crore already invested and thousands of jobs at stake, delaying resolution risks loss in output and asset value
The May 2 ruling flagged weaknesses at every stage of the process. Govt must now act to plug these gaps and restore trust in the IBC
A key issue is capacity. NCLT and NCLAT, overburdened and under-resourced, need urgent strengthening or dedicated benches
Delays are eroding value. With average resolution taking nearly 600 days, India must rethink timelines and ensure finality in insolvency