IBBI, SC Judgement Dated 28/10/2025 – Preference Shares are not Financial Debt, CRPS holders cannot invoke IBC 

Case of EPC Constructions India Limited vs Matix Fertilizers and Chemicals, SC  Judgement Dated 28th October 2025.The apex court held that holders of Cumulative Redeemable Preference Shares (CRPS) are investors, not financial creditors, and cannot use Section 7 of the IBC to initiate proceedings against an issuer.

(Link: SC Judgement Dated 28/10/2025)

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