Xlo India Limited vs International Asset Reconstruction ...

The Supreme Court dismissed the appeal filed by XLO India Limited against the High Court's order, which upheld the Debts Recovery Appellate Tribunal's decision to maintain the attachment of shares held by the appellant during ongoing recovery proceedings. The court confirmed that the recovery process would continue as per the provisions of the Recovery of Debts and Bankruptcy Act, 1993, emphasizing the importance of adhering to statutory recovery mechanisms.