Supreme Court · 2023 INSC 923 · Decided 18 October 2023
Tottempudi Salalith v. State Bank of India & ORS.
- Court
- Supreme Court of India
- Citation
- 2023 INSC 923 · [2023] 14 S.C.R. 492
- Case number
- CIVIL APPEAL No. 2348/2021
- Decided
- 18 October 2023
- Bench
- ANIRUDDHA BOSE, VIKRAM NATH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Limitation Act Section 136, 137; IBC Section 7; SARFAESI Act
Headnote
HEADNOTES Issue for consideration: Issues arose as to whether the debts in connection with the recovery certifi cate issued in the year 2015, could form subject matter of an application u/s.7 IBC; whether the the banks having approached the DRT, were barred under the doctrine of election from debts; and whether the date of default should go back to the date on which the loan account of the corporate debtor was declared as non-performing asset. Insolvency and Bankruptcy Code, 2016 - s. 7 - Debts in connection with the recovery certifi cate issued in the year 2015, if could
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)