Supreme Court of India
G. Vikram Kumar v. State Bank of Hyderabad & 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
In view of the above and for the reasons stated above, the impugned judgment and order passed by the High Court is hereby quashed and set aside.
Judgment, page 15
From the headnote
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 : ss. 13, 17 – Enforcement of security interest – Application against measures to recover secured debts – On facts, initiation of proceedings u/ s 13 by the Bank against the borrower and attachement of the properties of the borrower – Tribunal allowed the Bank to go ahead with the sale excluding seven flats identified by the borrower – However, Flat No.6401 was not amongst the said seven flats – Borrower entered into an agreement to sale of Flat No.6401 with the respondent no. 1 without…
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