INDIAN OVERSEAS BANK vs M/S RCM INFRASTRUCTURE LTD.

The Supreme Court upheld the decision of the NCLAT which dismissed the appeal of Indian Overseas Bank challenging the NCLT's order that set aside the sale of assets of RCM Infrastructure Ltd. The court found that the NCLT had acted within its jurisdiction under the Insolvency and Bankruptcy Code, and the bank's claims regarding the non-repayment of dues were adequately addressed in the earlier proceedings. Consequently, the appeal was dismissed, affirming the lower court's ruling.