Supreme Court · 2011 INSC 14 · Decided 5 January 2011
Industrial Investment Bank of India LTD. v. M/S Jain Cables PVF. LTD. & ORS.
- Court
- Supreme Court of India
- Citation
- 2011 INSC 14 · [2011] 1 S.C.R. 82
- Case number
- CIVIL APPEAL No. 8123/2004
- Decided
- 5 January 2011
- Bench
- AFTAB ALAM, RAJENDRA MAL LODHA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Industrial Reconstruction Bank of India Act, 1984 - s. 40 - Enforcement of claims by the Reconstruction Bank - C Industrial concern defaulting in repayment of loan given by the Reconstruction Bank (/RBI) - Subsequent, transfer of undertakings of /RBI to Industrial Investment Bank of India - Recalling of loan by I/BIL - Non-payment of loan by industrial concern - Application by I/BIL against D industrial concern uls. 40 of the 1984 Act before the High Court - Maintainability of- Held: Application is maintainable - Sub­ section (4) of Section 4 read with Sub-Section (2)(b) of
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