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Articles tagged NPA Classification
Supreme Court Settles ₹453 Crore Stressed Bank Debt for ₹375 Crore to Protect Running Industry: Landmark Ruling in Atibir Industries v. SBI on SARFAESI Debt Assignment & NPA Norms (2026 INSC 1156)
In a landmark judgment balancing commercial debt recovery with the survival of running industrial enterprises, the Supreme Court of India in Atibir Industries Co. Ltd. v. State Bank of India & Anr. (2026 INSC 1156) exercised its equitable jurisdiction to order full and final settlement of a ₹453.83 Crore debt assigned to an Asset Reconstruction Company (ARC) for ₹375 Crores, disposing of pending NCLT and DRT actions.
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