Supreme Court · 2018 INSC 71 · Decided 30 January 2018
Authorized Officer, State Bank of Travancore and Another v. Mathew K. C.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 71 · [2018] 1 S.C.R. 233
- Case number
- CIVIL APPEAL No. 1281/2018
- Decided
- 30 January 2018
- Bench
- R.F. NARIMAN, NAVIN SINHA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226, 136, 141; SARFAESI Act
Headnote
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - ss.13(4), 17, 18 - Grant of loans by financial institution - Failure of the borrower to pay the dues - Case of borrower that he was desirous to pay loan amount, as such loan amount but bank failed to consider the same - Writ petition u/Art.226 by borrower - Interim order passed, staying further proceedings at the stage of s.13(4), on deposit of Rs.3,50,000/- - Appeal thereagainst dismissed by the Division Bench - On appeal, held: In
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