B Prashanth Hegde filed a civil appeal against State Bank of India & Anr. The Supreme Court heard the appeal and referred to its earlier judgment in Sagar Sharma and Another vs. Phoenix ARC Pvt. Ltd. And Another. The court set aside the NCLAT's judgment and directed it to re-examine the question of limitation, considering the judgments in B.K. Educational Services Private Limited vs. Parag Gupta and Associates and Sagar Sharma and Another, applying Article 137 of the Limitation Act. The appeal was allowed, pending proceedings were held in abeyance, and pending applications were disposed of. The key fact is the Supreme Court's intervention to ensure the NCLAT correctly applies the law on limitation.

B Prashanth Hegde filed a civil appeal against State Bank of India & Anr. The Supreme Court heard the appeal and referred to its earlier judgment in Sagar Sharma and Another vs. Phoenix ARC Pvt. Ltd. And Another. The court set aside the NCLAT's judgment and directed it to re-examine the question of limitation, considering the judgments in B.K. Educational Services Private Limited vs. Parag Gupta and Associates and Sagar Sharma and Another, applying Article 137 of the Limitation Act. The appeal was allowed, pending proceedings were held in abeyance, and pending applications were disposed of. The key fact is the Supreme Court's intervention to ensure the NCLAT correctly applies the law on limitation.