Supreme Court of India
M/s. Tripower Enterprises (private) Limited v. State Bank of India & Ors.
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.
What the Court ordered
Resultantly, the Bank is under legal obligation to handover the title deeds or original documents being Exhibits A110 to A114 to the appellant for completion of the formalities of sale.
Judgment, page 21
From the headnote
Debt – Recovery of – Return of original documents deposited with DRT – Respondent no. 3-borrower had availed of financial credit from the bank, for which the respondent no. 2-guarantor had offered its immovable property by way of mortgage to the Bank – The borrower committed default – The bank filed O. . No. 11/2008 before the DRT – Thereafter, took symbolic possession of the secured assets – The guarantor filed a petition challenging the possession notice by the bank, which came to be rejected by the DRT – The secured assets were auctioned and a sale certificate in respect of the secured…
Authorities it was built on
- 2006 M/s Transcore v. Union of India and Anr.
- 2009 Authorized Officer, Indian Overseas Bank and Anr. v. M/s. Ashok Saw Mill
- 2017 M. D. Frozen Foods Exports Pvt. Ltd. & Ors. v. Hero Fincorp Ltd.
- 1971 Ahmedabad Municipal Corporation of the City of Ahmedabad v. Hajj Abdulgafur Haji Hussenbhai
- 2013 Standard Chartered Bank v. Dharminder Bhohi and Others
- 2016 Axis Bank v. Sbs Organics Private Limited and Another
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