Supreme Court · 2010 INSC 663 · Decided 30 September 2010
Icici Bank Limited v. Official Liquidator of Aps Star Industries LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 2010 INSC 663 · [2010] 12 S.C.R. 644
- Case number
- CIVIL APPEAL No. 8393/2010
- Decided
- 30 September 2010
- Bench
- S.H. KAPADIA, SWATANTER KUMAR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
12 S.C.R. 644 ICICI BANK LIMITED V. OFFICIAL LIQUIDATOR OF APS STAR INDUSTRIES LTD. AND ORS. (Civil Appeal No. 8393 of 2010) SEPTEMBER 30, 2010 [S.H. KAPADIA, CJI AND SWATANTER KUMAR, J.] Banking Regulation Act, 1949 - Enactment of - Object C and purpose - Discussed - Provisions of the Act Dealing in NPAs as part of the Credit Appraisal Mechanism and as a part of Restructuring Mechanism falls within Section 21 rlw Section 35A of the Act - Hence, it cannot be said that "transfer of debts!NPAs" inter se between banks is an activity which is impermissible under the Act -
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