Supreme Court on IBC

JudgmentsSupreme Court on IBC

STATE BANK OF INDIA VS  CONSORTIUM OF MURARI LAL JALAN AND MR. FLORIAN FRITSCH : CASE SUMMARY

The Supreme Court in State Bank of India Vs. Consortium of Mr. Murari Lal Jalan and Mr. Florian Fritsch  (Civil Appeal No. 5023 – 5024/2024) held that one of the key objectives of the IBC  is to ensure the survival of the Corporate Debtor as a going concern, yet the same must not come at the cost of efficiency.  “Timely liquidation” should be preferred over an “endless resolution process”

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