Supreme Court · 2004 INSC 244 · Decided 8 April 2004
Mardia Chemicals LTD. ETC. ETC. v. Union of India and ORS. ETC. ETC.
- Court
- Supreme Court of India
- Citation
- 2004 INSC 244 · [2004] 3 S.C.R. 982
- Case number
- TRANSFERRED CASE (CIVIL) No. 92/2002
- Decided
- 8 April 2004
- Bench
- V.N. KHARE, BRIJESH KUMAR, ARUN KUMAR (3-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 17; Transfer of Property Act Section 69; SARFAESI Act
Headnote
Securitisation and Reconstruction of Financial Assets and Enforcement I of Security Interest Act, 2002: + c Validity of the Act-Held: Act enacted for speedier recovery of dues declared as Non performing Assets, better availability of capital liquidity and economic growth of the country-Though some get reasonable protection under the Act-Hence, Act constitutionally valid except sub-section (2) of section 17-Constitution D of India, I950-Artic/e 14. Enactment of Act of 2002 for securitisation of debts and faster recovery of Non performing assets when Act of 1993 already in
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)