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2017 Supreme(SC) 455

ADARSH KUMAR GOEL, UDAY UMESH LALIT
State Bank of India – Appellant
Versus
Kingfisher Airlines Ltd. – Respondent


JUDGMENT :

Uday Umesh Lalit, J.

1. State Bank of India and 13 other banks [State Bank of India, Axis Bank Limited, Bank of Baroda, Corporation Bank, The Federal Bank Limited, IDBI Bank Limited, Indian Overseas Bank, Jammu & Kashmir Bank Limited, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and Oriental Bank of Commerce.] have filed the instant special leave petitions challenging the order dated 04.03.2016 passed by the High Court of Karnataka at Bengaluru in Writ Petition Nos.12191-12194 of 2016 refusing to pass any ad interim order against Respondent Nos.3, 10 and 11. According to the petitioners–banks they had individually advanced to Respondent No.1 loans of thousands of crores of rupees; that by Master Debts Recast Agreement dated 21.10.2010 and other related documents the existing loans were restructured and treated as a single facility; and that Respondent Nos.2 and 3 executed a corporate guarantee dated 21.12.2010 and a personal guarantee dated 21.12.2010 respectively, guaranteeing repayment of the entire amount due. Furt









































































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