The Securities and Exchange Board of India (SEBI) is the appellant in a civil appeal. The case concerns HBN Dairies and Allied Limited, identified as the corporate debtor/respondent no. 35. The court permitted SEBI to sell the assets of HBN Dairies and Allied Limited, with the liquidator's involvement. If SEBI cannot proceed, the liquidator will handle the sale with a SEBI officer's assistance. The sale proceeds are to be placed in an interest-bearing fixed deposit. The distribution of these proceeds is yet to be decided by the court. A Corporate Insolvency Resolution Process has been initiated against Tirupati Infra Projects Pvt. Ltd., which will continue separately. The case was heard on 2024-05-14.

The Securities and Exchange Board of India (SEBI) is the appellant in a civil appeal. The case concerns HBN Dairies and Allied Limited, identified as the corporate debtor/respondent no. 35. The court permitted SEBI to sell the assets of HBN Dairies and Allied Limited, with the liquidator's involvement. If SEBI cannot proceed, the liquidator will handle the sale with a SEBI officer's assistance. The sale proceeds are to be placed in an interest-bearing fixed deposit. The distribution of these proceeds is yet to be decided by the court. A Corporate Insolvency Resolution Process has been initiated against Tirupati Infra Projects Pvt. Ltd., which will continue separately. The case was heard on 2024-05-14.