Supreme Court · 2019 INSC 457 · Decided 2 April 2019
Dharani Sugars and Chemicals LTD. v. Union of India & ORS.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 457 · [2019] 6 S.C.R. 307
- Case number
- TRANSFERRED CASE (CIVIL) No. 66/2018
- Decided
- 2 April 2019
- Bench
- R.F. NARIMAN, VINEET SARAN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- IBC Section 35AA
Headnote
Banking Regulation Act, 1949 - ss.35AA and 35AB - Validity of - Petitioners contended that the Banking Regulation (Amendment) Act, 2017, which introduced ss.35AA and 35AB are unconstitutional on two grounds: (i) that are manifestly arbitrary; and (ii) that they suffer from absence of guidelines - Held: The Banking Regulation (Amendment) Act, 2017 brought these amendments which confer regulatory powers upon the RBI to carry out its functions under the Banking Regulation Act and are not different in
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)