Power Trust (Promotor Of Hiranmaye ... vs Bhuvan Madan (Interim Resolution ...

insc-2026-166 Supreme Court of India 18 February 2026 • 23 min read
12 cases cited (0 SG, 12 foreign) Cited by 1 case

Practice Areas

Insolvency and Bankruptcy Code, 2016

Judges (3)

Joymalya Bagchi Delivered Surya Kant Coram Vipul M. Pancholi Coram

Parties (4)

Hiranmaye Energy Ltd Respondent Power Trust Appellant REC Ltd Respondent Bhuvan Madan Respondent

Case Significance

Power Trust (Promotor Of Hiranmaye ... vs Bhuvan Madan (Interim Resolution ... is a Supreme Court of India decision dated February 18, 2026 (citation: insc-2026-166). A thermal power company promoter challenged IBC admission by a financial creditor. The Supreme Court dismissed the appeal, upholding the CIRP and rejecting late settlement proposals. The bench comprised Justices Joymalya Bagchi, Surya Kant and Vipul M. Pancholi. The judgment was delivered by Justice Joymalya Bagchi.

This case has been cited by 1 subsequent judgment. The judgment references 12 case citations.

Summary

A thermal power company promoter challenged IBC admission by a financial creditor. The Supreme Court dismissed the appeal, upholding the CIRP and rejecting late settlement proposals.

What was the outcome of Power Trust (Promotor Of Hiranmaye ... vs Bhuvan Madan (Interim Resolution ...?

A thermal power company promoter challenged IBC admission by a financial creditor. The Supreme Court dismissed the appeal, upholding the CIRP and rejecting late settlement proposals.

Statutes Cited

Insolvency and Bankruptcy Code, 2016

Cases Cited (12)

IN (12)
(2018) 1 SCC 407 (2018) 15 SCC 587 (2018) 15 SCC 589 (2019) 4 SCC 17 (2020) 8 SCC 531 (2022) 2 SCC 401 (2022) 3 SCC 161 (2022) 8 SCC 352 (2023) 7 SCC 321 (2023) 8 SCC 387 (2025) 3 SCC 625 2026 INSC 166

Cited By (1)

insc-2026-166
Power Trust (Promotor Of Hiranmaye ... vs Bhuvan Madan (Interim Resolution ...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (insc-2026-166)