Supreme Court · 2021 INSC 794 · Decided 26 November 2021
Electrosteel Castings Limited v. Uv Asset Reconstruction Company Limited & ORS.
- Court
- Supreme Court of India
- Citation
- 2021 INSC 794 · [2021] 7 S.C.R. 532
- Case number
- CIVIL APPEAL No. 6669/2021
- Decided
- 26 November 2021
- Bench
- M.R. SHAH, SANJIV KHANNA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- IBC; SARFAESI Act Section 34, 17, 13
Headnote
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002: s.34 - Civil court not to have jurisdiction - On facts, suit filed by the appellant-Guarantor seeking declaration that the Assignee acquired no under the Assignment Deed and that the Assignee is not a secured creditor vis-à-vis the applicant - Appellant's case that in view of the approved resolution plan under IBC, the original corporate debtor being discharged, there shall not be any debt so far as the
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