Madras HC Directs SBI to Seek IBC Relief at NCLT in Attachment Order Case

State Bank of India Vs Assistant Commissioner (Madras High Court) Introduction: In a recent ruling, the Madras High Court has issued directions to the State Bank of India (SBI) concerning the pursuit of relief under the Insolvency and Bankruptcy Code, 2016 (IBC). The court’s decision is driven by the involvement of corporate insolvency in the matter and the need for resolution through the National Company Law Tribunal (NCLT). 1. Background of the Case  This case involves State Bank of India (SBI) and an attachment order related to corporate insolvency. The court’s directives stem ...