SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2011 Supreme(Bom) 83

D.Y.CHANDRACHUD, ANOOP V.MOHTA
Clarity Gold Pvt. Ltd. – Appellant
Versus
State Bank of India – Respondent


Advocates Appeared:
For the Petitioners:Rajneesh Agarwal with Ashish Mehta i/by Ms. Saruchi Kasliwal, Ms. Fatima R. Lakdawala & Ms. Hetal Khimasia, Advocates.
For the Respondents:R1 & R2, Nitin Thakkar, Senior Advocate with Bergis Colabawalla & Vivek S. Sawant i/by Kusumkar Kaushik, Advocates.

Judgment :-

Dr. D.Y. Chandrachud, J.

Rule. Counsel for the Respondents waive service. On the request of Counsel and by consent, the rule is heard finally at this stage.

2. This Petition under Article 226 of the Constitution of India is directed against an order passed by the Debts Recovery Appellate Tribunal on 6 October 2010. The order of the Appellate Tribunal was delivered in an Appeal filed by the Bank against an order by which the Tribunal had held that the Bank had unlawfully taken possession of a secured asset on 28 July 2010 under Section 13 (4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The Tribunal had directed redelivery of possession to the mortgagor, of the secured asset. The Appellate Tribunal came to the conclusion that service of the notice under Section 13(2) had been validly effected and that the notice of possession under Section 13(4) was valid. However, the Appellate Tribunal came to the conclusion that the notice of sale was not validly issued. Hence, the Appellate Tribunal came to the conclusion that the action of the Bank upto the stage of the publication of the possession notice under Rule 8(2)


































Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top