Supreme Court of India
Ganesh Bank Kurundwad Ltd. and Ors. v. The Union of India and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
5 Supreme Court benches have cited this judgment.
From the headnote
Banking Regulation Act, 1950-Sections 45 (/) and 36 (AB)-Bank incurring huge losses-Imposition of moratorium in respect of Bank by RBI and order of amalgamation of bank with private sector commercial bank, within one month of order of moratorium-Correctness of-Held Moratorium imposed justified and in terms with public interest under sec/ion 45(/) Action of RBI based on negative net worth, risk weighted assets ratio, high level non-performing assets of the bank and its inability to infi1se fresh capital-Federal Bank being a strong bank, amalgamation of the bank with it in interest of…
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Where later benches applied it
- 2022 Small Industries Development Bank of India v. M/s. Sibco Investment Pvt. Ltd.
- 2020 Internet and Mobile Association of India v. Reserve Bank of India
- 2021 Rajeev Suri v. Delhi Development Authority & Ors
- 2012 Kotak Mahindra Bank Ltd. v. Hindustan National Glass & Ind. Ltd. and Ors.
- 2019 Moons Technologies Ltd. (formerly Known as Financial Technologies India Ltd.) & Ors. v. Union of India
Of those, 2 relied on · 1 distinguished · 1 referred to · 1 mentioned
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