The State Bank of India (SBI) filed a civil appeal before the Supreme Court of India. The appeal concerned a decision made by the National Company Law Appellate Tribunal (NCLAT) regarding the appointment of a Resolution Professional. The NCLAT's approach was deemed incorrect by the Supreme Court because it disqualified a Resolution Professional merely for being in the service of SBI and receiving a pension. Mr. Tushar Mehta, the Solicitor General, and Mr. Krishnan Venugopal, a senior counsel, agreed on the appointment of a new Resolution Professional by the NCLT. The Supreme Court considered this agreement and the arguments presented by the parties.

The State Bank of India (SBI) filed a civil appeal before the Supreme Court of India. The appeal concerned a decision made by the National Company Law Appellate Tribunal (NCLAT) regarding the appointment of a Resolution Professional. The NCLAT's approach was deemed incorrect by the Supreme Court because it disqualified a Resolution Professional merely for being in the service of SBI and receiving a pension. Mr. Tushar Mehta, the Solicitor General, and Mr. Krishnan Venugopal, a senior counsel, agreed on the appointment of a new Resolution Professional by the NCLT. The Supreme Court considered this agreement and the arguments presented by the parties.