Supreme Court · 2014 INSC 65 · Decided 29 January 2014
Deepak Bhandari v. Himachal Pradesh State Industrial Development Corporation Limited
- Court
- Supreme Court of India
- Citation
- 2014 INSC 65 · [2014] 2 S.C.R. 138
- Case number
- CIVIL APPEAL No. 1019/2014
- Decided
- 29 January 2014
- Bench
- K.S. RADHAKRISHNAN, A.K. SIKRI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Limitation Act Section 55
Headnote
State Financial Corporations Act, 1951: s.29 - Right to C sue under contract of indemnity - Limitation period - Held: When the Corporation takes steps for recovery of the amount 5y resorting to provisions of s.29 of the Act, the limitation period for recovery of the only after adjusting the proceeds from the sale of assets of the D industrial concern as the Corporation would be in a position to know if there is a shortfall or there is excess amount realised, only after the sale of the mortgage! hypothecated assets - The instant case would fall under
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