Perfect Infraengineers Limited — Others, 21-07-2025: Action(s) taken or orders passed

Perfect Infraengineers is pursuing a Compensation and Damages Suit against creditors, having previously challenged NCLT orders. The Bombay High Court's Division Bench has ruled that the legal bar under the Insolvency and Bankruptcy Code (IBC) does not apply to the company's claims for compensation and damages. This is a significant development, allowing the company to proceed with its suit. Defendants are filing their replies as part of the ongoing legal process. This clarification helps the company pursue potential recovery despite its current corporate insolvency status.