Supreme Court · 1987 INSC 326 · Decided 11 November 1987
Bank of India v. Vijay Transport and Others
- Court
- Supreme Court of India
- Citation
- 1987 INSC 326 · [1988] 1 S.C.R. 961
- Case number
- CIVIL APPEAL No. 465/1985
- Decided
- 11 November 1987
- Bench
- M.M. DUTT, M.H. KANIA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act
Headnote
B Andhra Pradesh (Andhra Area) Agriculturists Relief Act, 1938: Sec. 4(e)-'Debt'-Due to Bank-Scaling down of debt-Whether permissible. st Banking Companies Act: Validity of-Act whether a special C Indian law. Statutory Interpretation: Duty of court-To look at the setting in which words are used against respondents including res­ pondent firm and its partners, who were agriculturists, for recovery of a sum of Rs.18,14,817.91 being balance of three principal amounts severally advanced by the Bank to the firm under cash-credit account on three different dates. The last loan was advanced
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)