Supreme Court brings Sterling Biotech case to a close after Rs 9,800 crore recovery
The case, which originated from a CBI FIR alleging dues of Rs 5,383 crore, witnessed substantial recoveries over time. The Court noted that Rs 3,507 crore had already been repaid to lending banks, while Rs 1,192 crore was realised through liquidation of assets. In addition, a further deposit of Rs 5,111.43 crore was recorded, significantly contributing to the overall settlement figure.
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The case, which originated from a CBI FIR alleging dues of Rs 5,383 crore, witnessed substantial recoveries over time. The Court noted that Rs 3,507 crore had already been repaid to lending banks, while Rs 1,192 crore was realised through liquidation of assets. In addition, a further deposit of Rs 5,111.43 crore was recorded, significantly contributing to the overall settlement figure.
