Supreme Court · 2023 INSC 341 · Decided 10 April 2023
Authorised Officer State Bank of India v. C. Natarajan & Anr
- Court
- Supreme Court of India
- Citation
- 2023 INSC 341 · [2023] 5 S.C.R. 1067
- Case number
- CIVIL APPEAL No. 2545/2023
- Decided
- 10 April 2023
- Bench
- S. RAVINDRA BHAT, DIPANKAR DATTA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 73, 74; SARFAESI Act Section 13(4), 38
Headnote
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 : ss. 13(4), 17 - Security Interest (Enforcement) Rules, 2002 - r. 9 - Contract Act - ss. 73, 74 - Power of forfeiture by the Authorized Officer - Exercise forfeiture order by the High Court - Justification of - On facts, default committed by one in discharging its debts to the Bank and declared as non-performing asset - E- auction held by the Authorized Officer for secured asset of the defaulter- Respondent declared the
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