Liberty House Group Ltd Vs State Bank of India [CS (COMM) 1246/2018 & No. 16056/2018 & 16060/2018]

The Delhi High Court, in the case Liberty House Group Ltd Vs State Bank of India [CS (COMM) 1246/2018 & No. 16056/2018 & 16060/2018], directed the Liberty House Group, headquartered in the United Kingdom, to pay Rs 50 lakh to State Bank of India within four weeks as a punishment for compelling the bank to take legal action against two insolvent subsidiaries of Amtek Auto Ltd. Liberty House has moved the High Court seeking to prohibit SBI from enclosing the offer bond assurances offered by the U.K.-based investor as it bids for Castex Technologies Ltd. and ARGL Ltd. 

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