KALYANI TRANSCO vs M/S BHUSHAN POWER AND STEEL LTD

Supreme Court of IndiaJudgment26 September 2025

About this record

The Supreme Court of India decided this matter on 26 September 2025. Its neutral citation is 2025 INSC 1165. The bench of 3 comprised Justice Chief Justice, Justice K. Vinod Chandran and Justice Satish Chandra Sharma.

The disposal recorded by the registry is "Orders set aside, liquidation directed, resolution plan rejected". The record refers to 6 enactments, among them Insolvency and Bankruptcy Code, 2016, Arbitration and Conciliation Act, 1996 and Prevention of Money Laundering Act, 2002. 6 statutory provisions are noted on the record.

Court record

Court record details
Court	Supreme Court of India
Record type	Judgment
Neutral citation	2025 INSC 1165
Diary number	Diary No. 7358/2020
Date of decision	26 September 2025
Decision year	2025
Bench	HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE K. VINOD CHANDRAN HON'BLE MR. JUSTICE SATISH CHANDRA SHARMA
Petitioner	KALYANI TRANSCO
Respondent	M/S BHUSHAN POWER AND STEEL LTD.
Disposal	Orders set aside, liquidation directed, resolution plan rejected
Reporting	reportable
Acts	Insolvency and Bankruptcy Code, 2016 Arbitration and Conciliation Act, 1996 Prevention of Money Laundering Act, 2002 Indian Penal Code, 1860 Companies Act, 2013 Limited Liability Partnership Act, 2008
Sections	Section 62 of the Insolvency and Bankruptcy Code, 2016 Section 31 of the Insolvency and Bankruptcy Code, 2016 Section 30(2), 30(4), 31(1), 31(2), 61(3), 62 of the IBC Section 12 of the IBC Section 32A of the IBC Section 49 of the Arbitration Act

These are the case details as recorded by the court. CourtMesh does not alter court records. Every linked value opens the other records that share it.

How to refer to this record

These identifiers come from the court record itself. The address below is permanent: if the page is ever renamed, the old address keeps redirecting to it, so it is safe to cite in a note, a brief or a footnote.

Neutral citation: 2025 INSC 1165, which also resolves at https://courtmesh.ai/judgment/citation/2025-insc-1165
Court and date: Supreme Court of India, 26 September 2025
Permanent address of this record: https://courtmesh.ai/judgment/supreme-court/2025/kalyani-transco-vs-m-s-bhushan-power-and-steel-ltd-2025-390910

Need this as data, not as a page?This record is one of many CourtMesh holds for the Supreme Court of India. The Indian court cases API serves the same records over JSON, with API documentation and plans and pricing. See also Supreme Court of India data coverage.

Inside the full case file

HeadnoteUnlocks with a free account

Key Facts

Legal Issues

Arguments Holding Legal Principles Case History with Orders Similar Cases Full judgment text

See the rest of this matter

The court record above is free, and it stays free. A free CourtMesh account opens the rest of the file:

The complete timeline of the matter, hearing by hearing
Every order and document on the record, ready to read
The full judgment exactly as the court published it
AI analysis: what was decided, on what reasoning, in minutes instead of an afternoon

Free account. No card. About a minute to create.

Create a free account

The same account unlocks all of CourtMesh Research: AI-powered search across 300 million+ Indian court records, a research agent that finds and reads the case law for you, and every judgment page like this one, in full.