Supreme Court · 2024 INSC 565 · Decided 1 August 2024
M/S Pro Knits v. The Board of Directors of Canara Bank & ORS.
- Court
- Supreme Court of India
- Citation
- 2024 INSC 565 · [2024] 8 S.C.R. 140
- Case number
- CIVIL APPEAL No. 8332/2024
- Decided
- 1 August 2024
- Bench
- BELA M. TRIVEDI, R MAHADEVAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- SARFAESI Act Section 9, 10
Headnote
Whether the Notification dated 29.05.2015 issued by the Central Government in exercise of the powers conferred under Section 9 of the Micro, Small and Medium Enterprises Development Act, 2006, containing Instructions for the "Framework for Revival and Rehabilitation Medium Enterprises" as revised from time to time, is mandatory or directory. Micro, Small and Medium Enterprises Development Act, 2006 - ss.9, 10 - The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)