Supreme Court · 2009 INSC 921 · Decided 16 July 2009
Authorized Officer, Indian Overseas Bank and ANR. v. M/S. Ashok Saw Mill
- Court
- Supreme Court of India
- Citation
- 2009 INSC 921 · [2009] 11 S.C.R. 599
- Case number
- CIVIL APPEAL No. 4429/2009
- Decided
- 16 July 2009
- Bench
- ALTAMAS KABIR, CYRIAC JOSEPH (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- SARFAESI Act Section 17
Headnote
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - s.13(4) and C s. 17 - Jurisdiction of Debts Recovery Tribunal (ORT) to interfere with the action taken by secured creditor in terms of s.13(4) - Held: Action taken by of s.13(4) is open to scrutiny and can not only be set aside but even the status quo ante can be restored by the ·oRT. D The present appeals arise out of action take by secured creditor in terms of. Section 13(4) of the Securitisation and Reconstruction of Financial Asse.ts and
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