NCLAT Grants Relief to SBI: Time for Rejoinder Extended

State Bank of India Vs Supreme Panvel Indapur Tollways Pvt. Ltd. (NCLAT Delhi) In a recent ruling by the National Company Law Appellate Tribunal (NCLAT) Delhi, the State Bank of India (SBI) received relief in its case against Supreme Panvel Indapur Tollways Pvt. Ltd. The NCLAT granted time for filing a rejoinder, along with a monetary penalty. This article provides a detailed analysis of the judgment and its implications. The appeal was filed against an order passed by the Adjudicating Authority, which granted further time to file a rejoinder while imposing a cost of Rs. 25,000. Additionally, ...