On 15 January 2026, a Supreme Court bench of Justices J.B. Pardiwala and R. Mahadevan held in Elegna Co-operative Housing Society v. Edelweiss ARC that once a financial debt and default are established, admission under Section 7 of the IBC is mandatory — viability, prejudice to homebuyers, and creditor motive are wholly extraneous. A digest of the disposition, the doctrinal lineage from Innoventive through Vidarbha to M. Suresh Kumar Reddy, and what the homebuyer locus question looks like after Elegna and the companion Mansi Brar Fernandes line.