Supreme Court of India

Authorized Officer, State Bank of Travancore and Another v. Mathew K. C.

Neutral citation
Bench R. F. Nariman and Navin Sinha JJ.
Decided 30 January 2018

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

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 – ss.13(4), 17, 18 – Grant of loans by financial institution – Failure of the borrower to pay the dues – Case of borrower that he was desirous to pay loan amount, as such sought regularization of the loan amount but bank failed to consider the same – Writ petition u/Art.226 by borrower – Interim order passed, staying further proceedings at the stage of s.13(4), on deposit of Rs.3,50,000/- – Appeal thereagainst dismissed by the Division Bench – On appeal, held: In financial matters grant of ex…

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