Case Law Analysis
|Supreme Court of India
IBC Commercial Wisdom Non-Justiciable | SC Bars Recall of Dismissed SLP Post-Settlement Unless Clerical Error or Executory Impossibility : SC
Supreme Court reaffirms that the commercial wisdom of the Committee of Creditors under the Insolvency and Bankruptcy Code is non-justiciable, and a dismissed Special Leave Petition cannot be recalled based on subsequent settlements. The Court held that only clerical errors or executory impossibility can warrant reconsideration, setting a high bar for reopening dismissed appeals.