Bharti Airtel Limited vs Vijaykumar V. Iyer

The Supreme Court addressed the right to claim set-off in the Corporate Insolvency Resolution Process under Section 25(2)(a) of the Insolvency and Bankruptcy Code, 2016. The Court held that the Airtel entities were entitled to set-off an amount of Rs.145.20 crores against the payment due to the Aircel entities, as it was owed for operational charges and other dues. The judgment clarified the applicability of set-off rights in insolvency proceedings, reinforcing the principle that debts can be adjusted against each other even during the resolution process.