Gaurav Hargovindbhai Dave vs Asset Reconstruction Company (India) ...

The Supreme Court addressed the issue of maintainability of proceedings initiated by the Asset Reconstruction Company after the assignment of debt from the State Bank of India. The court examined the procedural aspects and the implications of the Debt Recovery Tribunal's earlier judgment. Ultimately, the court upheld the actions of the Asset Reconstruction Company, allowing the proceedings to continue, thereby reinforcing the rights of assignees in debt recovery cases.