DBS BANK LIMITED SINGAPORE vs RUCHI SOYA INDUSTRIES LIMITED

The Supreme Court addressed the interpretation of Section 30(2)(b)(ii) of the Insolvency and Bankruptcy Code, 2016, as amended in 2019, determining that a dissenting financial creditor is entitled to receive the minimum value of its security interest in the resolution plan. The Court held that the distribution of proceeds must consider the value of secured interests to ensure fairness in the treatment of creditors. The appeal by DBS Bank Limited was allowed, affirming the creditor's right to a fair distribution based on the value of its security.