Supreme Court · 2022 INSC 3 · Decided 3 January 2022
Small Industries Development Bank of India v. M/S. Sibco Investment PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 3 · [2022] 1 S.C.R. 913
- Case number
- CIVIL APPEAL No. 08/2022
- Decided
- 3 January 2022
- Bench
- R. SUBHASH REDDY, HRISHIKESH ROY (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- CPC Section 34; NI Act Section 8, 9
Headnote
Reserve Bank of India, 1934: Supervisory powers of RBI - Held: RBI has wide supervisory powers over financial institutions - For 'public interest' the RBI is empowered to issue any directive to any banking institution, and monitor the conduct of every NBFC - Banking s.35A. Reserve Bank of India, 1934: s.45K - Authority of RBI to issue directions for ensuring effective implementation of its orders - Held: Any direction by the RBI, is compelling and enforceable similarly like the provisions of the RBI Act by its very nature - For ensuring
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)