Asset Reconstruction Company (India) ... vs Bishal Jaiswal

The Supreme Court addressed the issue of the validity of assignments of debts under the Insolvency and Bankruptcy Code, 2016. The court ruled that the assignment of debts by the original lenders to the Asset Reconstruction Company was valid and upheld the rights of the assignee to initiate proceedings under the Code. The judgment clarified the legal standing of assignees in insolvency proceedings, reinforcing the framework for debt recovery.