*THE HON’BLE JUSTICE MOUSHUMI BHATTACHARYA AND THE HON’BLE JUSTICE B.R.MADHUSUDHAN RAO % Dated 16.06.2025 WP.No.4623 of 2025 BETWEEN # M/s Classic Chemicals Limited … Petitioner And $ Debts Recovery Appellate Tribunal and others … Respondents WP.No.4373 of 2025 BETWEEN # State Bank of India, Kachiguda, Hyderabad. … Petitioner And $ Union of India and others. … Respondents ! Counsel for Petitioner: 1. Sri Raghu Gurram in WP.No.4623 of 2025

2. Sri N.Meher Prasad in WP No.4373 of 2025 ^ Counsel for respondent No.2: 1. Sri N.Meher Prasad in WP.No.4623 of 2025 ^ Counsel for respondent No.3 & 4 2. Sri S.Lohit in WP.No.4623 of 2025 ^ Counsel for respondent No.1: 4. Ms. Jhansi representing Gadi Praveen Kumar, Deputy Solicitor General of India in WP.No.4373 of 2025 ^ Counsel for respondent No.3: 5. Sri S.Lohit in WP.No.4373 of 2025 ^ Counsel for respondent No.4: 6. Sir Raghu Gurram in WP.No.4373 of 2025

> HEAD NOTE:

? Cases referred

1. (2023) 2 SCC 168

2. 2013 10 SCC 83

3. 2023 SCC OnLine All 703

4. (2022) 3 High Court Cases (Del) 482

5. SLP (Civil) No.330 of 2017 of Supreme Court of India dated 10.10.2024

6. 2013 SCC OnLine TS 635

7. (1991) 3 SCC 273

8. 2014 (5) SCC 660 Paras 16 & 25

9. 2014 (5) SCC 6