Indian Journal for Research in Law and Management

The Indian Journal for Research in Law and Management

Advancing Law and Management

ISSN No. : 2583-9896

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The Indian Journal for Research in Law and Management

ISSN No. : 2583-9896

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Case Commentary on Kalyani Transco v. M/s Bhushan Power and Steel Ltd. (2025) and its Impact on the Insolvency Resolution Process under the IBC

Authors
JHALAK SHUKLA
GURU GOVIND SINGH INDRAPRASTHA UNIVERSITY
Published July 17, 2026
Volume Volume III
Issue Issue 9
DOI https://doi.org/10.5281/zenodo.21402532
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JHALAK SHUKLA (2026). Case Commentary on Kalyani Transco v. M/s Bhushan Power and Steel Ltd. (2025) and its Impact on the Insolvency Resolution Process under the IBC. The Indian Journal for Research in Law and Management, Volume III(Issue 9). Retrieved from https://ijrlm.com/journal/case-commentary-on-kalyani-transco-v-m-s-bhushan-power-and-steel-ltd-2025-and-its-impact-on-the-insolvency-resolution-process-under-the-ibc/

Abstract

The insolvency resolution of Bhushan Power and Steel Ltd. (BPSL) has been one of the most closely watched cases under the Insolvency and Bankruptcy Code, 2016 (IBC). What began as a straightforward corporate insolvency resolution process (CIRP) turned into a prolonged legal battle that reached the Supreme Court multiple times. The judgment in [ Kalyani Transco v. M/s Bhushan Power and Steel Ltd., (2025) INSC 1165. ]Kalyani Transco v. M/s Bhushan Power and Steel Ltd. (2025) stands out as a significant ruling that clarifies several critical aspects of the insolvency resolution framework.

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