Supreme Court of India

ALPHA CORP DEVELOPMENT PRIVATE LIMITED versus GREATER NOIDA INDUSTRIAL DEVELOPMENT AUTHORITY (GNIDA) AND OTHERS

2026 INSC 449

Case number
CIVIL APPEAL No. 1526/2023
Judgment date
2026-05-05
Petitioner / appellant
ALPHA CORP DEVELOPMENT PRIVATE LIMITED
Respondent
GREATER NOIDA INDUSTRIAL DEVELOPMENT AUTHORITY (GNIDA) AND OTHERS
Neutral citation
2026 INSC 449
Other citation
[2026] 5 S.C.R. 364
CNR
ESCR010001502026
Bench / judges
SANJAY KUMAR
Author judge
SANJAY KUMAR
Bench size
2 Judges
Disposal nature
Disposed off
Judgment year
2026

Issue for consideration

Issues arose inter alia as to whether in the Corporate Insolvency Resolution Process (CIRP) proceedings of the Corporate Debtor- Earth Infrastructures Limited, the assets of the land holding companies, i.e., subsidiary of the treated to be assets of the Corporate Debtor; whether assets of the subsidiary companies can be dealt with in CIRP of holding Company; whether the present is a fit case to lift the corporate veil.

Headnote excerpt

Insolvency and Bankruptcy Code, 2016 – CIRP of holding Company –

Full Judgement details :

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