Supreme Court · 1999 INSC 241 · Decided 11 May 1999
Sita Ram Singhania v. Bank of Tokyo-Mitsubishi LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 1999 INSC 241 · [1999] 3 S.C.R. 512
- Case number
- SPECIAL LEAVE TO PETITION (CIVIL)... No. 6759/1999
- Decided
- 11 May 1999
- Bench
- B.N. KIRPAL, S. RAJENDRA BABU (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Recovery of Debts Due to Banks' and Financial Institutions Act. 1993; Debi., Recovery Tribunal-Suit instituted by Bank-Grant of stay of C recovery proceedings as a matter of course-Propriety of-Proceeding initiated in the State of Madhya Pradesh-Held Allahabad High Court has no jurisdiction. and order dated 09.04.1999 in CMWP 15012/99 of E the High Court of Judicature at Allahabad. Ravinder Sethi, Sanjay Gupta and Rajeev Sharma for the Petitioner. The Court made the following Order : We see no reason why the High Courts in such matters filed by the defendants in suits instituted by
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