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[ArcelorMittal Vs Numetal] Lender Banks Cannot Be Left Hanging For Forever: SC
PTI
19 Sept 2018 9:48 PM IST
"Lenders cannot be left hanging for forever", the Supreme Court today observed and made it clear that the Insolvency and Bankruptcy Code (IBC) was brought to ensure that the dues of the companies, declared non-performing assets (NPAs), are recovered by the banks.A bench of Justices R F Nariman and Indu Malhotra also asked the counsel for ArcelorMittal and NuMetal, involved in legal fight...
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![[ArcelorMittal Vs Numetal] Lender Banks Cannot Be Left Hanging For Forever: SC [ArcelorMittal Vs Numetal] Lender Banks Cannot Be Left Hanging For Forever: SC](https://www.livelaw.in/cms/wp-content/uploads/2018/07/Justice-Nariman-Indu-Malhotra.jpg)