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THE SUPREME COURT AND THE IBC: PRAGMATISM IN THE BHUSHAN POWER INSOLVENCY
This post is authored by Mahak Yadav and Nikhil Ranjan, 3rd-year students at National Law Institute University, Bhopal INTRODUCTION The Supreme Court’s decision in Kalyani Transco v. Bhushan Power and Steel Ltd. & Ors.  (JSW BPSL) is a significant turning point in Indian insolvency law. It addresses the primary conflict between commercial pragmatism and procedural rigidity under the Insolvency and Bankruptcy Code, 2016 (IBC). This case emanated from the protracted insolvency