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Supreme Court of India

Shakeena & Anr. v. Bank of India & Ors.

Neutral citation
Bench A. M. Khanwilkar and Ajay Rastogi JJ.
Decided 20 August 2019

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 are of the view that the decision of the Supreme Court in Narandas Karsondas vs.

Judgment, page 12

From the headnote

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002: ss. 13(2), 13(4) – Right of redemption – Loan taken by appellants from respondent Bank – In view of default in discharging the loan by appellants, respondent Bank exercised its power under s.13(4) and took over constructive possession of mortgaged property – Appellant filed applications before DRT which, however, were dismissed for non-prosecution – Thereafter, respondent bank brought secured property for sale – Respondent no. 3 was the highest bidder and he deposited 25% of sale…

Authorities it was built on

Where later benches applied it

Of those, 3 mentioned · 1 explained

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