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2021 DIGILAW 33 (SC)

State Bank Of India v. Shakti Bhog Foods Limited

2021-01-12

K.M.JOSEPH, NAVIN SINHA, ROHINTON FALI NARIMAN

body2021
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. vs. 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. 4. In view of the above, this appeal also stands allowed. 5. Pending applications, if any, stand disposed of.