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Supreme Court of India

Tottempudi Salalith v. State Bank of India & Ors.

Neutral citation
Reported as [2023] 14 S.C.R. 492
Bench Aniruddha Bose and Vikram Nath JJ.
Decided 18 October 2023

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

1 Supreme Court bench has cited this judgment.

What the Court ordered

We are of the opinion that this question also ought to be addressed by the Appellate Tribunal.

Judgment, page 19

From the headnote

Issue for consideration: Issues arose as to whether the d ebts in connection with the recovery certifi cate issued in the year 2015, could form subject matter of an application u/s.7 IBC; whether the the banks having approached the DRT, were barred under the doctrine of election from approaching the NCLT for recovery of same set of debts; and whether the date of default should go back to the date on which the loan account of the corporate debtor was declared as non-performing asset. Insolvency and Bankruptcy Code, 2016 – s. 7 – Debts in connection with the recovery certifi cate issued in the

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