Supreme Court · 2008 INSC 18 · Decided 8 January 2008
Oriental Bank of Commerce v. Sunder Lal Jain & ANR.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 18 · [2008] 1 S.C.R. 213
- Case number
- CIVIL APPEAL No. 82/2008
- Decided
- 8 January 2008
- Bench
- G.P. MATHUR, AFTAB ALAM (2-judge bench)
- Outcome
- Case Allowed
- Case type
- Civil
Headnote
213 ORIENTAL BANK OF COMMERCE A V. SUNDER LAL JAIN & ANR. (C.A. No. 82 of 2008) JANUARY 8, 2008 B (G.P. MATHUR AND AFTAB ALAM, JJ.) Banking I Banks: '1 Non-performing Assets (NPA) - Declaration of in terms of Reserve Bank of India's guidelines - Bank granting credit c facility to for reconciliation and settling accounts and to declare their account as NPA from a specified date - D Allowed by High Court directing the Bank to recover the amount by quarterly instalments over a period of two years - A On appeal, Held: Statement by counsel of the Bank that his client would
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