The case involves civil appeals (1871-1872/2022) filed by Mahendra Kumar Jajodia against the State Bank of India Stressed Asset Management Branch. The appeals were called for hearing on 2022-03-21. The appellant's counsel drew attention to paragraph 108 of a judgment rendered by the court on 2021-05-21 in Transferred Case No. 245 of 2020, Lalit Kumar Jain vs. Union of India & Ors., reported in (2021)9 SCC 321.
Mahendra Kumar Jajodia filed civil appeals against the State Bank of India Stressed Asset Management Branch. The appeals were heard on 2022-03-21. The appellant's counsel referred to a previous judgment in Lalit Kumar Jain vs. Union of India & Ors., which discussed Section 60(2) and 60(3) relating to resolution and liquidation processes. Section 60(2) prescribes that in the event of an ongoing resolution process or liquidation process against a corporate debtor, an application for resolution process or bankruptcy of the personal guarantor to the corporate debtor shall be filed with NCLT concerned seized of the resolution process or liquidation. The court stayed the operation of an order passed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi.
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Judgment rendered in Transferred Case No. 245…
Appeals were c…
The case involves civil appeals (1871-1872/2022) filed by Mahendra Kumar Jajodia against the State Bank of India Stressed Asset Management Branch. The appeals were called for hearing on 2022-03-21. The appellant's counsel drew attention to paragraph 108 of a judgment rendered by the court on 2021-05-21 in Transferred Case No. 245 of 2020, Lalit Kumar Jain vs. Union of India & Ors., reported in (2021)9 SCC 321.
Mahendra Kumar Jajodia filed civil appeals against the State Bank of India Stressed Asset Management Branch. The appeals were heard on 2022-03-21. The appellant's counsel referred to a previous judgment in Lalit Kumar Jain vs. Union of India & Ors., which discussed Section 60(2) and 60(3) relating to resolution and liquidation processes. Section 60(2) prescribes that in the event of an ongoing resolution process or liquidation process against a corporate debtor, an application for resolution process or bankruptcy of the personal guarantor to the corporate debtor shall be filed with NCLT concerned seized of the resolution process or liquidation. The court stayed the operation of an order passed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi.
Judgment rendered in Transferred Case No. 245…
Appeals were c…