Supreme Court · 2007 INSC 609 · Decided 16 May 2007
Ram Kripal Singh v. State of U.P. and ORS.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 609 · [2007] 6 S.C.R. 1187
- Case number
- CIVIL APPEAL No. 2675/2007
- Decided
- 16 May 2007
- Bench
- ARIJIT PASAYAT, LOKESHWAR SINGH PANTA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
B State Financial Corporation Act, 1951-s.29-Debtor-Company wound up-Recovery citation against the guarantor-Citation challenged by the guarantor in Writ Petition, on the ground thal he could not be proceeded against, unless and until property of the debtor was not sold-Writ Petition C dismissed a company-debtor is wound up, ~late Financial Corporation has no right to unilaterally exercise its power to realize the mortg~d property without consent of Official Liquidator-Uttar Pradesh Public Money's Recovery of Dues Act, 1972. D Recovery proceedings were initiated against the
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