Latest Judgments

State Bank of India v. Shakti Bhog Foods Limited

1. Leave granted.

(Rohinton Fali Nariman, Navin Sinha and K.M. Joseph, JJ.)

 

Civil Appeal No. 4536 of 2018, decided on January 12, 2021

 

State Bank of India _________________________________ Appellant;

 

v.

 

Shakti Bhog Foods Limited _________________________ Respondent.

 

With

 

Civil Appeal Nos. 81-82 of 2021

(Arising out of SLP(C) Nos. 682-683/2020)

 

State Bank of India __________________________________ Appellant;

 

v.

 

CFSIT Inc and Another ___________________________ Respondent(s).

 

Civil Appeal No. 4536 of 2018 and Civil Appeal Nos. 81-82 of 2021 (Arising out of SLP(C) Nos. 682-683/2020)

 

The Order of the court was delivered by

Order

 

C.A. Nos. 81-82/2021 (@ SLP(C) Nos. 682-683/2020):

 

1. Leave granted.

 

2. Pursuant to our order dated 08.12.2020 a Status Report has been furnished to this Court on 31.12.2019. The Report makes it clear that only possession of one office has been taken by the Liquidator. All other units are in physical possession with other parties. Obviously, nothing irreversible has taken place. As a result we set aside the order of the learned Single Judge and allow the appeals in terms of our judgment in Action Ispat & Power Pvt. Ltd. v. Shyam Metalics and Energy Ltd. 2020 SCC OnLine SC 1025, more particularly, at paras 31 & 32.

 

3. The appeals are allowed in the aforesaid terms.

 

Civil Appeal No. 4536 OF 2018:

 

4. In view of the above, this appeal also stands allowed.

 

5. Pending applications, if any, stand disposed of.

 

Civil Appeal No(s). 4536/2018

 

State Bank of India _________________________________ Appellant

 

v.

 

Shakti Bhog Foods Limited ________________________ Respondent

 

([ONLY SLP(C) NO. 682-683/2020 IS LISTED ON 12.01.2021])

 

WITH

 

SLP(C) No. 682-683/2020 (XIV)

 

Date : 12-01-2021 These matters were called on for hearing today.

 

(Before Rohinton Fali Nariman, Navin Sinha and K.M. Joseph, JJ.)

 

For Appellant(s) Mr. K.V. Vishwanathan, Sr. Adv.

 

Mr. Anuj Berry, Adv.

 

Ms. Anusha Ramesh, Adv.

 

Mr. Siddhant Kant, Adv.

 

Mr. Abhik Chakraborty, Adv.

 

Mr. S. S. Shroff, AOR

 

For Respondent(s) Mr. Kapil Arora, Adv.

 

Mr. Juvraj Singh Bindra, Ms. Palak Nagar, Adv.

 

Ms. Aarushi Bansal, Adv.

 

Mr. Sumit Attri, AOR

 

for M/s. Cyril Amarchand Mangaldas, AOR

 

Ms. Ekta Bhasin, Adv.

 

Mr. Ashok Mathur, AOR

 

Mr. Mayank Pandey, AOR

 

Ms. Nidhi Mohan Parashar, AOR

 

UPON hearing the counsel the Court made the following

 

ORDER

 

SLP (C) Nos. 682-683/2020:

 

6. Leave granted.

 

7. The appeals are allowed in terms of the signed order

 

Civil Appeal No. 4536/2018:

 

8. This appeal stands allowed in terms of the signed order.

 

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