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SUPREME COURT OF INDIA
MANOJ MISRA, PRASANNA B. VARALE, JJ
STATE BANK OF INDIA – Appellant
Versus
ALOK GAUR & ANR. – Respondent
| Table of Content |
|---|
| 1. need for expeditious decisions in insolvency matters. (Para 1) |
| 2. pending applications should be decided promptly. (Para 2 , 3) |
| 3. appeal rendered infructuous. (Para 4) |
O R D E R
1. On 21.04.2025, following order was passed:-
“1. We notice that vide order dated 13th August 2024, the National Company Law Appellate Tribunal (for short, “the NCLAT”) in paragraph nos.15–19 had made the following observations:-
“15. We have noted above that the insolvency has already commenced against the Holding Company "JAL' by an Order passed by the Adjudicating Authority dated 03.06.2024 against which Order, the Appeal has been filed in this Tribunal being Comp. App. (AT) (Ins.) No. 1158-1162 of 2024 in the matter of 'Sunil Kr. Sharma, Suspended Board of Directors of Jaiprakash Associates Ltd.' Vs. ICICI Bank Ltd. & Anr.', in which both the Parties have appeared and Appeal is being considered. Some of the issues which are sought to be raised in this Appeal, especially the restructuring which was approved by JLF and the Restructuring Agreement dated 31.10.2017 are sought to be canvassed in the said Appeal.
16. It is also contended by the Appellant Counsel that SBI has never revoked the re
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