CoC’s Commercial Wisdom is Paramount; Courts Cannot Second-Guess Economic Decisions: Supreme Court

The Supreme Court of India, in a significant judgment delivered on February 27, 2026, has dismissed a batch of civil appeals filed by unsuccessful resolution applicants—Torrent Power Ltd., Vantage Point Asset Management Pte. Ltd., and Jindal Power Limited. The appeals challenged the approval of Sarda Energy and Minerals Limited’s (SEML) resolution plan for SKS Power

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