Supreme Court · 2024 INSC 51 · Decided 18 January 2024
State Bank of India and Ors v. E Consortium of MR Murari Lal Jalan and MR Florian Fritsch and Anr
- Court
- Supreme Court of India
- Citation
- 2024 INSC 51 · [2024] 1 S.C.R. 1045
- Case number
- CIVIL APPEAL No. 3736/2023
- Decided
- 18 January 2024
- Bench
- D.Y. CHANDRACHUD, J.B. PARDIWALA, MANOJ MISRA (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- IBC
Headnote
Consortium of lenders represented by the State Bank of India filed affidavit stating that the lenders were agreeable that if Successful Resolution Applicant (SRA) satisfied infusing Rs. 350 Crores by 31.08.2023, adhering to the resolution plan terms, and meeting employee payment obligations in accordance with the NCLAT order, they would abstain from challenging extension of time issues. However, the inability to meet these conditions would necessitate directing
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