The Supreme Court of India has dismissed an appeal filed by Dhanlaxmi Bank Limited, affirming that the Insolvency and Bankruptcy Code (IBC) should not be utilized as a coercive mechanism for debt recovery in cases involving intertwined contractual obligations. The Court upheld an order by the National Company Law Appellate Tribunal (NCLAT) which had set
IBC Cannot Be Used as a Coercive Recovery Tool for Predominantly Contractual Disputes: Supreme Court
