Supreme Court · 2014 INSC 642 · Decided 17 September 2014
Bank of Rajasthan LTD. v. VCK Shares & Stock Broking Services LTD.
- Court
- Supreme Court of India
- Citation
- 2014 INSC 642 · [2014] 13 S.C.R. 1202
- Case number
- CIVIL APPEAL No. 8972/2014
- Decided
- 17 September 2014
- Bench
- RANJAN GOGOI, S.A. BOBDE (2-judge bench)
- Outcome
- Matter referred to larger bench
- Case type
- Civil
Headnote
Recovery of Debts due to Banks and Financial Institutions Act, 1993: s. 19- Jurisdiction of civil court to hear C and try a counterclaim ora set off filed by debtor- In view of difference of opinion between the several benches of Supreme Court on the issue, the following questions of bench - Whether an independent suit filed by a borrower against a Bank or Financial Institution, which D has applied for recovery of its loan against the plaintiff under the ROB Act, is liable to be transferred and tried along with. the application under the ROB Act by the ORT; If yes, can such
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