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Shree Sant Kripa Appliances Private ... vs Hdfc Bank Limited on 28 November, 2025 cites

Pioneer Urban Land And Infrastructure ... vs Union Of India on 9 August, 2019

100. Similarly, in Pioneer Urban Land & Infrastructure Ltd. v. Union of India reported in (2019) 8 SCC 416, this Court reiterated that IBC is not a debt recovery mechanism. It observed that when CIRP is initiated the aspect of recovery of debt is completely outside the control of the creditor and there is no guarantee of recovery or refund of the entire amount in default. A creditor initiates insolvency under the Code not for the relief of recovery of debt but rather for rehabilitating the corporate debtor and for a new management to take over. The relevant observations read as under:
Supreme Court of India Cites 142 - Cited by 129 - R F Nariman - Full Document
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