Icici Bank Limited vs Era Infrastructure (India) Limited

insc-2026-201 Supreme Court of India 26 February 2026 • CIVIL APPEAL NO.6094 OF 2019; CIVIL APPEAL NO.6093 OF 2019; CIVIL APPEAL NO.40 OF 2020; CIVIL APPEAL NO.2715 OF 2020; CIVIL APPEAL NO.4018 OF 2023; CIVIL APPEAL NO.7231 OF 2024 • 48 min read
20 cases cited (0 SG, 20 foreign) Cited by 1 case

Practice Areas

Companies Act, 2013 Constitution of India Indian Contract Act, 1872 Insofar as the Companies Act, 1956 Insolvency and Bankruptcy Code, 2016 Insolvency of corporate entities was dealt with initially under the Companies Act, 1956 Madras and Bombay and the Provincial Insolvency Act, 1920 Motor Vehicles Act, 1988 Presidency Towns Insolvency Act, 1909 Recovery of Debts Due to Banks and Financial Institutions Act, 1993 Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Specific Relief Act, 1963

Judges (2)

Augustine George Masih Coram Dipankar Datta Delivered

Parties (2)

Era Infrastructure (India) Limited Respondent ICICI Bank Limited Appellant

Case Significance

Icici Bank Limited vs Era Infrastructure (India) Limited is a Supreme Court of India decision dated February 26, 2026 (citation: insc-2026-201). A batch of civil appeals concerning the constitution of the Committee of Creditors and related issues under the Insolvency and Bankruptcy Code. The Supreme Court allowed some appeals and dismissed others, clarifying principles governing CoC constitution while leaving policy framework to the legislature and IBBI. The bench comprised Justices Augustine George Masih and Dipankar Datta. The judgment was delivered by Justice Dipankar Datta.

This case has been cited by 1 subsequent judgment. The judgment references 20 case citations.

Summary

A batch of civil appeals concerning the constitution of the Committee of Creditors and related issues under the Insolvency and Bankruptcy Code. The Supreme Court allowed some appeals and dismissed others, clarifying principles governing CoC constitution while leaving policy framework to the legislature and IBBI.

What was the outcome of Icici Bank Limited vs Era Infrastructure (India) Limited?

A batch of civil appeals concerning the constitution of the Committee of Creditors and related issues under the Insolvency and Bankruptcy Code. The Supreme Court allowed some appeals and dismissed oth...

Statutes Cited

Companies Act, 2013
Constitution of India
Art 141
Indian Contract Act, 1872
s 128
Insofar as the Companies Act, 1956
Insolvency and Bankruptcy Code, 2016
Insolvency of corporate entities was dealt with initially under the Companies Act, 1956
Madras and Bombay and the Provincial Insolvency Act, 1920
Motor Vehicles Act, 1988
Presidency Towns Insolvency Act, 1909
Recovery of Debts Due to Banks and Financial Institutions Act, 1993
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
Specific Relief Act, 1963

Cases Cited (20)

IN (20)
(1994) 2 SCC 647 (2008) 1 SCC 125 (2017) 15 SCC 133 (2018) 1 SCC 353 (2018) 1 SCC 407 (2018) 17 SCC 394 (2019) 12 SCC 697 (2019) 4 SCC 17 (2020) 8 SCC 531 (2021) 10 SCC 330 (2022) 2 SCC 401 (2022) 8 SCC 352 (2023) 17 SCC 606 (2024) 1 SCC 24 (2025) 1 SCC 456 2026 INSC 201 2026 SCC OnLine SC 248 AIR 1940 Bom 247 AIR 1969 SC 297 AIR 1992 SC 1740

Cited By (1)

insc-2026-201
Icici Bank Limited vs Era Infrastructure (India) Limited

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (insc-2026-201)