Neha Thakur, B.A. LL.B. (Hons.), Kirit P. Mehta School of Law, NMIMS, Mumbai ABSTRACT The Supreme Court's decision in Vidarbha Industries Power Ltd. v. Axis Bank Ltd. marks one of the most consequential and most contested interventions in the jurisprudence surrounding the Insolvency and Bankruptcy Code, 2016 ("IBC" or "the Code"). By reading the word "may" in Section 7(5)(a) of the Code as confer…
