Supreme Court · 2010 INSC 268 · Decided 3 May 2010
Eureka Forbes Limited v. Allahabad Bank and ORS.
- Court
- Supreme Court of India
- Citation
- 2010 INSC 268 · [2010] 5 S.C.R. 990
- Case number
- CIVIL APPEAL No. 4029/2010
- Decided
- 3 May 2010
- Bench
- B. SUDERSHAN REDDY, SWATANTER KUMAR (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
Headnote
Recovery of Debts Due to Banks and Financial C Institutions Act, 1993: Object of the Act - Discussed. s.2(g) and 17 - 'debt' - Meaning of- Jurisdiction of Debt Recovery Tribunal - Respondent nos.2 and 3 had obtained D licence from appellant company to use their factory premises - They failed to sold the goods lying in the premises and adjusted the sale proceeds thereof towards the arrears of licence fee, without the consent of respondent no.1-bank, though said goods were hypothecated E by respondent nos.2 and 3 in favour of respondent no.1 - Claim by respondent no.1-Bank against
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)