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

2005 Supreme(P&H) 119

RAJIVE BHALLA
Canara Bank – Appellant
Versus
State Of Punjab – Respondent


Judgment

1. Prayer in this petition filed under S.482 of the Code of Criminal Procedure is for setting aside the orders dated 12-2-2004 (Annexure P-4) and 16-7-2004 (Annexure P-6) passed by learned Sub-Divisional Judicial Magistrate, Baba Bakala and the learned Additional Sessions Judge, amritsar, declining permission to the petitioner bank to sell the tractor in dispute, which tractor has been entrusted to the bank, pursuant to an order passed under s.451 of the Cr. P. C.

2. A brief factual narrative of the facts would be appropriate.

3. The petitioner, namely Canara Bank, a Nationalized Bank, granted a loan of Rs.3,90,000.00 to one Lakhwinder Singh son of karnail Singh, for the purchase of a tractor. Subsequently, it was discovered that security for the loan, namely the revenue record, was fabricated. Consequently, an FIR No.8 dated 9-1-2004 under Sections 420, 466, 467, 468, 469, 471 and 120-B of the Indian penal Code was registered at Police Station beas, District Majithia. During the course of investigation, the tractor, Solenika-750, financed by the Bank was seized by the police. An application, filed by Bank for release of the tractor on sapurdari, was allowed by the Sub-Divi




















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