Which of the following statements is/are correct regarding the Supreme Court's December 2024 judgment on maintenance rights?

Question

Accepted Answer

A) 1 only — Statement 1 is correct; the Supreme Court ruled that maintenance is a facet of Article 21 and supersedes claims of secured creditors under the IBC and SARFAESI Act. Statement 2 is incorrect because the standard IBC waterfall mechanism (Section 53) prioritizes insolvency costs, secured creditors, and workmen's dues, but never explicitly placed spousal maintenance above financial creditors before this judicial interpretation.

SC Rules Maintenance Rights Supersede IBC and SARFAESI Creditors

Economic Survey 2025-26 Tabled in Parliament