XLO INDIA LIMITED vs INTERNATIONAL ASSET RECONSTRUCTION COMPANY PVT. LTD.

The Supreme Court dismissed the appeal challenging the High Court's order which upheld the attachment of shares held by XLO India Limited during the pendency of recovery proceedings. The court noted that the Debts Recovery Appellate Tribunal had maintained the attachment while allowing recovery proceedings to continue. The appellants disputed the amount due, but the court found no grounds to interfere with the lower court's decision.