Cosmos Bank IBC Amendment Hearing Oct 13

Authority: Supreme Court of India (Bench: Justice K.V. Viswanathan, Justice Arun Palli)

Order Date: 03-08-2026

Case Overview

• Parties: The Cosmos Co. Op. Bank Ltd (appellant) vs Kailash T. Shah & others (respondents).
• Nature: Civil Appeal No. 328/2026 concerning interpretation of the Insolvency and Bankruptcy Code (Amendment) Act, 2026, specifically Section 2 inserting an explanation to Section 3(31)(B) of the IBC 2016.
• Counsel: Appellant represented by Mr. Ramchandra Madan, Mr. Tushar Nigam, Mr. Himanshu Yadav; Respondents represented by Ms. Deepanwita Priyanka, Mr. Amit Pai, and additional counsel.
• Proceedings: On 03‑08‑2026 the Court heard arguments; respondent counsel sought additional time to examine the matter.

Final Outcome

• The matter is listed for further hearing on 13‑10‑2026.
• Both parties are directed to file a brief written note containing relevant dates, page references and a list of authorities relied upon before the next hearing.

Topics: Insolvency Law, Banking Regulation