Supreme Court · 2015 INSC 448 · Decided 1 July 2015
Deposit Insurance & Credit Guarantee Corporation v. Ragupathi Ragavan & ORS.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 448 · [2015] 8 S.C.R. 124
- Case number
- CIVIL APPEAL No. 1035/2008
- Decided
- 1 July 2015
- Bench
- ANIL R. DAVE, DIPAK MISRA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
c Deposit Insurance and Credit Guarantee Corporation Act, 1961- ss. 3(1), 16, 21- Deposits made by depositors with the banking companies - Insurance by appel/ant­ Corporation - Bank in financial difficulties - Liability of the Corporation - Amount insured in respect of each depositor D as such all the depositors not paid the entire amount deposited with the bank- Writ petition by some of the depositors seeking payment of amount which exceeded Rs. 1 lakh from the Official Liquidator- Direction by Single Judge to the Special Officer to pay the amount deposited by E the
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)