Supreme Court · 2020 INSC 360 · Decided 24 April 2020
M/S. Tripower Enterprises (Private) Limited v. State Bank of India & ORS.
- Court
- Supreme Court of India
- Citation
- 2020 INSC 360 · [2020] 7 S.C.R. 626
- Case number
- CIVIL APPEAL No. 2373/2020
- Decided
- 24 April 2020
- Bench
- A.M. KHANWILKAR, AJAY RASTOGI (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
Headnote
Debt - Recovery of - Return of original documents deposited with DRT - Respondent no. 3-borrower had availed of financial credit from the bank, for which the respondent no. 2-guarantor had offered its immovable property by way of mortgage to committed default - The bank filed O.A. No. 11/2008 before the DRT - Thereafter, took symbolic possession of the secured assets - The guarantor filed a petition challenging the possession notice by the bank, which came to be rejected by the DRT - The secured assets
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