B. Prashanth Hegde vs State Bank Of India

insc-2026-155 Supreme Court of India 12 February 2026 • CIVIL APPEAL NO. 477 OF 2022 • 45 min read
14 cases cited (0 SG, 14 foreign) Cited by 1 case

Practice Areas

Companies Act, 2013 FC filed a claim under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 Indian Evidence Act, 1872 Insolvency and Bankruptcy Code, 2016 Limitation Act, 1963 Notwithstanding anything to the contrary contained under the Companies Act, 2013 Schedule to the Limitation Act, 1963 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

Judges (2)

Manoj Misra Delivered Pamidighantam Sri Narasimha Coram

Parties (2)

State Bank of India Respondent B. Prashanth Hegde Appellant

Case Significance

B. Prashanth Hegde vs State Bank Of India is a Supreme Court of India decision dated February 12, 2026 (citation: insc-2026-155). A corporate debtor's promoter challenged IBC proceedings initiated by a bank consortium. The Supreme Court dismissed the appeal, holding criminal proceedings and counterclaims against banks do not bar IBC proceedings. The bench comprised Justices Manoj Misra and Pamidighantam Sri Narasimha. The judgment was delivered by Justice Manoj Misra.

This case has been cited by 1 subsequent judgment. The judgment references 14 case citations.

Summary

A corporate debtor's promoter challenged IBC proceedings initiated by a bank consortium. The Supreme Court dismissed the appeal, holding criminal proceedings and counterclaims against banks do not bar IBC proceedings.

What was the outcome of B. Prashanth Hegde vs State Bank Of India?

A corporate debtor's promoter challenged IBC proceedings initiated by a bank consortium. The Supreme Court dismissed the appeal, holding criminal proceedings and counterclaims against banks do not bar...

Statutes Cited

Companies Act, 2013
FC filed a claim under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993
Indian Evidence Act, 1872
Insolvency and Bankruptcy Code, 2016
s 62 s 7
Limitation Act, 1963
s 18
Notwithstanding anything to the contrary contained under the Companies Act, 2013
Schedule to the Limitation Act, 1963
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
s 13(2) s 14 s 17

Cases Cited (14)

IN (14)
(2018) 1 SCC 407 (2019) 11 SCC 633 (2019) 4 SCC 17 (2021) 10 SCC 330 (2021) 6 SCC 366 (2021) 6 SCC 436 (2021) 7 SCC 313 (2021) 8 SCC 481 (2022) 3 SCC 161 (2022) 8 SCC 352 (2023) 8 SCC 387 (2024) 1 SCC 679 2021 SCC OnLine SC 321 2026 INSC 155

Cited By (1)

insc-2026-155
B. Prashanth Hegde vs State Bank Of India

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (insc-2026-155)