Supreme Court of India
Canara Bank v. P. Selathal and Ors. Etc.etc.
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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
In view of the above and for the reasons stated above, both these appeals succeed.
Judgment, page 20
From the headnote
Code of Civil Procedure, 1908 – Or.7, r.11 – Rejection of Plaint – The appellant-bank sanctioned and granted a term loan to a partnership firm – The said loan was secured by mortgage of immovable property belonging to the said firm and land of a Guarantor – The land of the guarantor are subject matter of dispute – Guarantor had signed Guarantee Deed and created a equitable mortgage by deposit of title deeds – The original borrower failed to repay the loan amount – The DRT proceeded ex- parte against the Guarnator and directed the principal borrower, its partners and the Guarantor pay the sum…
Authorities it was built on
- 1977 T. Arivandandam v. T. V. Satyapal & Another
- 2004 Sopan Sukhdeo Sable and Ors. v. Assistant Charity Commissioner and Ors.
- 2012 The Church of Christ Charitable Trust & Educational Charitable Society, Represented by its Chairman v. M/s Ponniamman Educational Trust Represented by its Chairperson/ Managing Trustee
- 2017 Madanuri Sri Rama Chandra Murthy v. Syed Jalal
- 2001 Punjab National Bank v. O.C. Krishnan and Ors.
Where later benches applied it
Of those, 1 referred to
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