Supreme Court · 2023 INSC 386 · Decided 18 April 2023
Punjab and Sind Bank v. Frontline Corporation LTD
- Court
- Supreme Court of India
- Citation
- 2023 INSC 386 · [2023] 4 S.C.R. 858
- Case number
- CIVIL APPEAL No. 2924/2023
- Decided
- 18 April 2023
- Bench
- BHUSHAN RAMKRISHNA GAVAI, ARAVIND KUMAR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- SARFAESI Act Section 13, 34
Headnote
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - s. 34 - Respondent purchased the suit property wherein the appellant-bank was inducted as a tenant by the previous owner in the ground floor of Respondent availed various credit facilities from the appellant-bank to the tune of Rs.42.74 crore by mortgaging, inter alia, the suit property as collateral - Thereafter, a purported settlement agreement, dated 29.11.2010, filed in the ejectment suit which was filed earlier by the previous
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