IBC treatment of subsidiaries during group resolution: The Supreme Court’s 2026 discussion of corporate separateness and subsidiaries in CIRP

Introduction : A company incorporated and registered under the Companies Act, 2013, acquires the status of a separate legal entity. In the eyes of the law, it is an artificial person having a separate legal personality from its shareholders, meaning a company has the power to sue and be sued in its own name. When a company defaults, the members are not personally liable for the injury caused. However, in certain circumstances, the law holds its members personally liable, where the director or...