Supreme Court of India
Lakshmi Mohan (dead) through Lrs. v. M/s. Airtech Projects Engineers 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.
What the Court ordered
In the result, the Civil Appeal Nos. 9228-9231 of 2013 and Civil Appeal @ Special Leave Petition @ Diary No. 31322 of 2018 are allowed whereas Civil Appeals @ Special Leave Petition (Civil) Nos. 1441-1446 of 2014 are disposed of.
Judgment, page 18
In brief
The borrower availed a cash-credit facility from the Bank, defaulted, and its account was declared an NPA, leading to a demand notice under Section 13(2) of the SARFAESI Act and, after an earlier sale notice was quashed, a fresh possession-cum-sale notice dated 18.03.2009 fixing auction for 24.04.2009. Clause 7 of that notice required bidders to deposit earnest money of Rs.21,50,000 and stated that offers without EMD would be rejected.…
Authorities it was built on
- 1979 Ramana Dayaram Shetty v. The International Airport Authority of India and Ors.
- 1990 G.j Fernandez v. State of Karnataka & Ors.
- 2016 Bakshi Security and Personnel Services Pvt. Ltd v. Devkishan Computed Pvt. Ltd. and Ors.
- 2010 M/s. Indian Railways Catering & Tourism Corporation Limited and Anr. v. M/s. Doshion Veolia Water Solutions (p) Limited and Ors.
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