Supreme Court of India
K. Virupaksha & Anr. v. The State of Karnataka & Anr.
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.
2 Supreme Court benches have cited this judgment.
From the headnote
Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 – ss.13, 14, 17, 32 – Respondent No.2 was sanctioned credit facilities amounting to Rs.2.68 crores by Bank – Property measuring 3 acres 2 Guntas was offered as security and a charge was created (Secured Asset) – As per the Bank, respondent no.2 did not repay the loan and his account was classified as Non-Performing Asset (NPA) – Ultimately, the Bank took possession of the secured asset – Auction notice issued – Challenged by respondent no.2 – Rejected by High Court – Respondent no.2 filed…
Authorities it was built on
- 1990 State of Haryana and Ors v. Ch. Bhajan Lal and Ors.
- 2010 United Bank of India v. Satyawati Tondon and Others
- 2012 General Officer Commanding v. Cbi and Anr
- 2009 Authorized Officer, Indian Overseas Bank and Anr. v. M/s. Ashok Saw Mill
- 2008 City and Industrial Development Corporation v. Dosu Aardeshir Bhiwandiwala & Ors.
- 1989 Assam Rifles Multi-purpose Co-operative Society Ltd & Another v. Union of India & Another
Where later benches applied it
- 2025 Sivakumar v. The Inspector of Police & Anr.
- 2024 Directorate of Enforcement v. Niraj Tyagi & Ors
Of those, 2 referred to
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