Supreme Court · 2022 INSC 1193 · Decided 10 November 2022
Bank of Rajasthan LTD. v. VCK Shares & Stock Broking Services LTD.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 1193 · [2022] 17 S.C.R. 567
- Case number
- CIVIL APPEAL No. 8972/2014
- Decided
- 10 November 2022
- Bench
- SANJAY KISHAN KAUL, ABHAY S. OKA, VIKRAM NATH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- CPC Section 151
Headnote
Code of Civil Procedure, 1908 : Order VII R.10 - Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDB) - s. 19 - The appellant bank sanctioned a term loan to the respondent company, however, respondent failed to make the payment - Appellant filed of the amounts before the Debts Recovery Tribunal, (DRT) - Respondent entered appearance to defend the proceedings, but in addition also filed a Civil Suit in the High Court which was dismissed by the Single Judge on the finding that the Court lacked jurisdiction as the same
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