Landmark JudgmentSupreme Court of IndiaPannalal Bhansali v. Bharti Telecom: section 66 capital reduction and the NCLAT benchOn 10 March 2026, the Supreme Court held that a valuation report is not statutorily required for a section 66 capital reduction and that a NCLAT bench may have a majority of technical members.Valkya Editorial·1 Jun 2026·9 min