IBBI, NCLAT Delhi Judgement Dated 25/09/2025 – Dues against another Group company doesn’t permit bank to retain securities of Corporate Debtor 

Case of Industrial and Commercial Bank of China vs Anish Niranjan Nanavaty, NCLAT Delhi Judgement Dated 25th September 2025. The appellate tribunal held that bank does not have any jurisdiction to retain the securities (i.e. fixed deposit amount) since Corporate Debtor was not part of any facility against which any amount is due. Thus, retention on ground that there were dues against another Group Company not justified. 

(Link: NCLAT Delhi Judgement Dated 25/09/2025)

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