Supreme Court of India
Indiabulls Housing Finance Limited v. M/s. Deccan Chronicle Holdings Limited and Others
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.
4 Supreme Court benches have cited this judgment.
What the Court ordered
We hold that judgment of the High Court is erroneous and set aside the same.
Judgment, page 32
From the headnote
Securitisation and Reconstruction of Financial Assests and Enforcement of Security Interest Act, 2002: ss.2(1)(f), 2(1)(zb), 2(1)(zf) and 2(1)(zd), and 13(1) and (4) – Loan granted to respondent (borrower) – By a non-financial company (not covered under 2002 Act) – The company subsequently merged with appellant-company (a financial company covered by 2002 Act) – For recovery of loan initiation of proceedings under 2002 Act – Held by High Court that the provisions of 2002 could not be invoked because the company which had granted the loan was not covered by 2002 Act at the time of granting…
Authorities it was built on
- 2006 M/s Transcore v. Union of India and Anr.
- 2010 United Bank of India v. Satyawati Tondon and Others
- 1964 Rafiquennessa v. Lal Bahadur Chetri (dead) through its Representatives and Others
- 1990 P.K. Unni v. Nirmala Industries & Ors.
- 1961 Trimbak Damodhar Raipurkar v. Assaram Hiraman Patil and Ors.
- 1990 Orissa Judicial Services Association, Cuttack v. State of Orissa and Anr.
Where later benches applied it
- 2020 Vidya Drolia and Others v. Durga Trading Corporation
- 2026 Kotak Mahindra Bank Ltd. v. Trupti Sanjay Mehta
- 2025 Bank of India v. M/s Sri Nangli Rice Mills Pvt. Ltd.
- 2024 Jaipur Vidyut Vitran Nigam Ltd. & Ors. v. Adani Power Rajasthan Ltd. & Anr.
Of those, 1 relied on · 3 mentioned
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