Landmark Supreme Court of India rulings, explained in clear, plain language.
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How much must a borrower pay an ARC to fully settle an assigned NPA debt?
Atibir Industries Co. Ltd. vs State Bank of India & Anr.
The Supreme Court directed Atibir Industries to pay Rs. 125 crores additional to the Rs. 250 crores already paid as full and final settlement of the assigned debt, keeping all legal issues open.
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