Though State Bank moved the court with a review petition, seeking to know whether the March 27 order only applied prospectively and not affect past decisions, the court led by chief justice DY Chandrachud on May 13 refused to review the order but clarified that a personal hearing meant only that a defaulter should be given adequate notice and an opportunity to make a representation and also that the order would apply only prospectively.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.