# In the matter of IDBI Bank Ltd. vs. Silver Stallion Ltd.

> NCLAT judgment dated 2025-10-31. Citation: TCN-2025-NCLAT-00567. The Financial Creditor, IDBI Bank Ltd., appealed against a blanket concession order passed by…

- **Court:** NCLAT
- **Order date:** 31 Oct 2025
- **Citation:** TCN-2025-NCLAT-00567
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/idbi-bank-ltd-vs-silver-stallion-ltd-aa09a1c6

## Summary

### Background

The Financial Creditor, IDBI Bank Ltd., appealed against a blanket concession order passed by the Adjudicating Authority in an application filed by the Successful Auction Purchaser in a liquidation proceeding.

## Facts

IDBI Bank Ltd. advanced loans of approximately Rs. 428 Crores to Silver Stallion Ltd.

Silver Stallion Ltd. went into liquidation pursuant to the orders of the Adjudicating Authority.

The assets of Silver Stallion Ltd. were auctioned, and the appellant was paid around Rs. 7 Crores against its claims.

The Successful Auction Purchaser sought 21 concessions from the Adjudicating Authority, with concession S No. 17 being critical.

The Adjudicating Authority's order required de-classification of the Corporate Debtor's account from NPA to standard amount.

IDBI Bank Ltd. issued a NOC dated 19.04.2025 after discharging its charge over the secured assets.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority's order requiring de-classification of the Corporate Debtor's …

**Ratio:** The Tribunal found merit in

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**Reasoning:** The Tribunal reasoned that the re-classification of loans in the appellant's accounts

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**Interpretation:** The order of the Adjudicating Authority was interpreted as potentially

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**Application:** The principle was applied to set aside the Adjudicating Authority's order

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## Parties

- **Judges:** N. Sesha…; Indevar P…
- **Appellants:** IDBI Bank…
- **Respondents:** Silver Stallion…
- **Advocates:** Rishi T…; Prachi…; +2 more

## Timeline

- **31.10.2025 — Order Da…**: The date on which the order was passed by the…
- **19.04.2025 — NOC Date…**: Date on which IDBI Bank…

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