Supreme Court · 2019 INSC 1017 · Decided 11 September 2019
Bajarang Shyamsunder Agarwal v. Central Bank of India & ANR.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 1017 · [2019] 12 S.C.R. 352
- Case number
- CRIMINAL APPEAL No. 1371/2019
- Decided
- 11 September 2019
- Bench
- N.V. RAMANA, MOHAN M. SHANTANAGOUDAR, INDIRA BANERJEE (3-judge bench)
- Outcome
- Disposed off
- Case type
- Criminal
- Acts & sections cited
- Transfer of Property Act Section 14, 111, 107; SARFAESI Act Section 13, 14, 15, 13(4), 13(13), 13(2); Rent Control Act; Maharashtra Rent Control Act
Headnote
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002: ss. 13, 14, 17 and 35 - Tenancy rights over secured interest - Tenant, if protected from ejectment proceedings under the SARFAESI secured asset mortgaged by borrower/landlord with the bank in equitable mortgage, to secure the credit facility - Failure of borrower/landlord to make the due repayment of the said credit facilities - Notice u/s. 13(2) to borrower/landlord demanding the payment due -
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