Supreme Court · 2006 INSC 232 · Decided 18 April 2006
Indian Bank v. Abs Marine Products PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 2006 INSC 232 · [2006] SUPP. 1 S.C.R. 52
- Case number
- CIVIL APPEAL No. 10074/2003
- Decided
- 18 April 2006
- Bench
- AR. LAKSHMANAN, R.V. RAVEENDRAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 142
Headnote
Recove1y of Debts Due to Banks and Financial Institutions Act, 1993--· · Sections 17, 18, 19 and 31. Suit by borrower against bank-Held-Jurisdiction of civil courts is barred only in regard to applications by bank/financial institution for recovery of its debts-It is not barred in of civil court held not be barred in a borrower's suit for damages against bank for non-disbursement D of a sanctioned loan--The suit found not be a counter claim to an earlier Original Application (0.A.) of Bank before D.R. T for recovery of an amount advanced to the borrower under another
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