SBI Wins Supreme Court Appeal on Reliance Infratel Guarantees

Supreme Court overturns NCLAT order, recognizes SBI consortium as financial creditors of Reliance Infratel based on ₹3,628 crore corporate guarantees.
Court holds corporate guarantees constitute financial debt under IBC, dismissing objections on timing, disclosure, and stamping.
Resolution Professional directed to reconstitute CoC including SBI consortium and proceed with CIRP.