The Supreme Court of India (hereinafter referred to as ‘SCI’), in a significant decision on 15.07.2022, categorically observed that National Company Law Tribunal (hereinafter referred to as ‘NCLT’) constituted under the Insolvency and Bankruptcy Code, 2015 (hereinafter referred to as ‘IBC’) is not a debt recovery forum. [M/s S.S. Engineers v. Hindustan Petroleum Corporation Ltd. & Ors., Civil Appeal No. 4583 of 2022] In this case
