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

2007 Supreme(P&H) 2025

SATISH KUMAR MITTAL, K.C.PURI
Rajan Verma – Appellant
Versus
Union of India, Ministry of Finance, Banking Division, New Delhi – Respondent


Advocates Appeared:
For the Petitioner:Mr. B.D. Sharma, Advocate.

JUDGMENT

K.C. Puri, J. - Petitioner-Rajan Verma has directed this writ petition under Articles 226/227 of the Constitution of India for quashing the impugned. orders dated 8.11.2007, 15.6.2007 and 4.8.2007, passed by respondents No. 3 to 5 and for directing the respondents to provide information to the petitioner under the Right to Information Act, 2005 (hereinafter to be referred to as the RTI Act) and for further directing respondents No. 1 and 2 to make an enquiry into the large scale embezzlement made by the respondent-Canara Bank in settling the Non Performing Assets (hereinafter to be referred as NPA).

2. It is-pleaded that the firm M/s S.R. Rajan and Company has taken loan from respondent No. 5 and the petitioner stood as a guarantor for the repayment of the said loan and pledged his commercial property and that of his wife, in favour of the bank. The borrower account of M/s S.R. Rajan & Company became NPA and the petitioner wanted to settle the matter with the bank. The bank charged the interest @ 14.5% per annum instead of 9% per annum. Large scale embezzlement was being made by the Canara Bank while settling the NPA of different parties and one Tarsem Bawa, Manager of the








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