Supreme Court · 2018 INSC 626 · Decided 20 July 2018
Indian Bank & ANR. v. K Pappireddiyar & ANR.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 626 · [2018] 6 S.C.R. 611
- Case number
- CIVIL APPEAL No. 6641/2018
- Decided
- 20 July 2018
- Bench
- DIPAK MISRA, D.Y. CHANDRACHUD, A.M. KHANWILKAR (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- SARFAESI Act Section 31
Headnote
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - ss. 31(i), 2(zf) - Security interest created in agricultural land - Applicability of SARFAESI Act - Held: Classification of land in the revenue records as agricultural is not question whether the SARFAESI Act does or does not apply - Whether a parcel of land is agricultural must be deduced as a matter of fact from the nature of the land, the use to which it was being put on the date of the creation of the security interest and the purpose for which it was set
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