Supreme Court of India
Axis Bank v. Sbs Organics Private Limited and Another
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.
2 Supreme Court benches have cited this judgment.
From the headnote
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - s.18 - Appeal under - Partial deposit by borrower before the Debt Recovery Appellate Tribunal as a pre-condition for considering the appeal on merits - Borrowers right to get back the deposit -- Held: Partial deposit is not a secured asset - It is not a secured debt either. since the borrower or the aggrieved person has not created any security interest on such pre-deposit in favour of the secured creditor - On disposal of the appeal, either on merits or on withdrawal, or on being rendered…
Authorities it was built on
Where later benches applied it
- 2020 M/s. Tripower Enterprises (private) Limited v. State Bank of India & Ors.
- 2019 M/s Kut Energy Pvt. Ltd. & Ors. v. The Authorized Officer, Punjab National Bank, Large Corporate Branch, Ludhiana & Ors.
Of those, 2 referred to
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