Real estate insolvency resolution should be project specific, not against entire corporate debtor: Supreme Court

The Supreme Court has ruled that "real estate insolvency resolution should be project-specific as a rule." This is a significant ruling that reinforces the principle of procedural fairness in insolvency proceedings. The court's decision, which is a significant victory for the government, was made on the grounds that the company's claim was not supported by evidence. The ruling clarifies that a company can be held responsible for the misdeeds of another person. The court's decision is a crucial reminder to all that they must be diligent in their dealings.