Supreme Court of India

Canara Bank v. P. Selathal and Ors. Etc.etc.

Neutral citation
Bench Uday Umesh Lalit, Indira Banerjee and M. R. Shah JJ.
Decided 28 February 2020

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…

Where later benches applied it

Of those, 1 referred to

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