SC directs MD to clear bank dues within 15 days; Appellant can seek NCLT intervention.

The SC ordered the Managing Director to clear outstanding dues to Union Bank within 15 days. Appellant can approach NCLT within two weeks, with NCLT instructed to promptly decide the matter. Civil Appeals were disposed of accordingly.

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The Supreme Court of India ordered the Managing Director of a company to clear outstanding dues to Union Bank of India within 15 days. The appellant was granted liberty to move an application before the National Company Law Tribunal (NCLT) within two weeks, and the NCLT was instructed to decide the matter promptly. The Civil Appeals were disposed of accordingly.

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