Vidarbha did not survive. Read Suresh Kumar Reddy before you plead discretion on Section 7.
For two years, Vidarbha Industries was pleaded as if the NCLT had a general discretion to refuse a Section 7 admission that was otherwise complete. That was never a safe reading. Suresh Kumar Reddy (2023) put it back: once debt and default are established, the Adjudicating Authority shall admit. Discretion is not a second inquiry into the financial creditor's commercial judgment.
If you still open a reply with Vidarbha, you are asking the Bench to ignore a later Constitution Bench-level course correction. The same pattern shows up elsewhere in this period of the Code: Rainbow Papers confined by Paschimanchal; the clean slate after Ghanashyam Mishra; the CoC's commercial wisdom after K. Sashidhar and Jaypee Kensington.
The working rule is simple. Find the later sitting. State the holding. Then apply it to the facts in front of you.
That is the method of the Insolvency Bench digest — 33 landmark Supreme Court judgements on the IBC, 2021 to 2026, arranged by year and by doctrine.
