Omkara Assets Reconstructi On Private … vs Amit Chaturvedi on 24 February, 2026

K. VINOD CHANDRAN, J.

1. Judicial impropriety vis-a-vis financial rectitude is the moot

question arising in this appeal in the context of the proceedings

pending under the Companies Act, 1956 and that initiated under the

Insolvency and Bankruptcy Code, 2016 (for short, the IBC). The

Stressed Assets Stabilization Fund of the bank who financed

respondent No.2, approached the Adjudicating Authority under the

IBC, the Company Law Tribunal, for initiating Corporate Insolvency

Resolution Proceedings (CIRP) for recovery of an amount of

Rs.154,33,12,274/- with future interest; on the principal of

and 12.12.2000; the default having commenced from 01.01.2003.
Date: 2026.02.24
17:44:36 IST
Reason:

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