Supreme Court of India
Small Industries Development Bank of India v. M/s. Sibco Investment Pvt. Ltd.
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
We are of the opinion that the said circular letter was binding on the banking companies.
Judgment, page 27
From the headnote
Reserve Bank of India, 1934: Supervisory powers of RBI – Held: RBI has wide supervisory powers over financial institutions – For ‘public interest’ the RBI is empowered to issue any directive to any banking institution, and monitor the conduct of every NBFC – Banking Regulation Act, 1949 – s.35A. Reserve Bank of India, 1934: s.45K – Authority of RBI to issue directions for ensuring effective implementation of its orders – Held: Any direction by the RBI, is compelling and enforceable similarly like the provisions of the RBI Act by its very nature – For ensuring effective implementation of…
Authorities it was built on
- 1992 Peerless General Finance and Investment Co. Ltd. and Anr v. Reserve Bank of India
- 2004 Clariant International Ltd. and Anr. v. Securities and Exchange Board of India
- 2020 Internet and Mobile Association of India v. Reserve Bank of India
- 2010 Icici Bank Limited v. Official Liquidator of Aps Star Industries Ltd. and Ors.
- 2012 Bihar Public Service Commission v. Saiyed Hussain Abbas Rizwi & Anr.
- 2006 Ganesh Bank Kurundwad Ltd. and Ors. v. The Union of India and Ors.
- 1990 U. Ponnappa Moothan Sons, Palghat v. Catholic Syrian Bank Ltd. and Others
- 2006 M/s. Bhagwati Prasad Pawan Kumar v. Union of India
- 1996 Reserve Bank of India and Ors. v. Peerless General Finance and Investment Company Ltd. and Anr.
Where later benches applied it
Of those, 1 referred to
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