M/S S.S. Engineers vs Hindustan Petroleum Corporation Ltd

The Supreme Court overturned the National Company Law Appellate Tribunal's decision that had set aside the initiation of Corporate Insolvency Resolution Process (CIRP) against HPCL Biofuels Ltd. The court found that the NCLAT had erred in closing the proceedings initiated by M/S S.S. Engineers under Section 9 of the Insolvency and Bankruptcy Code, emphasizing the importance of allowing operational creditors to seek resolution. The appeal was allowed, reinstating the CIRP process against HBL.