Supreme Court · 2017 INSC 244 · Decided 21 March 2017
K. Sltaram & ANR. v. CFL Capital Financial Service LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- 2017 INSC 244 · [2017] 4 S.C.R. 850
- Case number
- CRIMINAL APPEAL No. 2285/2011
- Decided
- 21 March 2017
- Bench
- R.K. AGRAWAL, ADARSH KUMAR GOEL (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Criminal
- Acts & sections cited
- IPC Section 409, 418, 423, 425; NI Act Section 138
Headnote
Penal Code, 1860 - ss. 409, 418, 423 and 425 r/w s.120-B - Complaint under - Quashing of - Complainant-respondent C Company borrowed a sum of Rs. 900 lakhs from consortium of Banks led by State Bank of Travancore (SBT) - Non-payment of loan by respondent - Recovery proceedings by SBT before - However, SBT assigned the debt due from respondent to Kotak Mahindra Bank through an Assignment Deed - The factum of said assignment deed not intimated to the D respondent-Company either by SBT or Kotak - Unaware of such assignment deed in favour of Kotak, respondent inter alia assigned to
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