Supreme Court dismisses an appeal against NCLAT Order on initiation of insolvency proceedings u/s 95 of the IBC even no proceeding is pending against the Corporate Debtor before NCLT – Mahendra Kumar Jajodia etc. Vs. State Bank of India – Supreme Court
May 12, 2022
Hon'ble Supreme Court held that we have heard learned Solicitor General and learned senior counsel for the parties and perused the record. We do not see any cogent reason to entertain the Appeals. The judgment impugned does not warrant any interference. The Appeals are dismissed.