Supreme Court · 2019 INSC 652 · Decided 8 May 2019

State Bank of India v. M/S. Jah Developers PVT. LTD. & ORS.

Court
Supreme Court of India
Citation
2019 INSC 652 · [2019] 7 S.C.R. 701
Case number
CIVIL APPEAL No. 4776/2019
Decided
8 May 2019
Bench
R.F. NARIMAN, VINEET SARAN (2-judge bench)
Outcome
Appeal(s) allowed
Case type
Civil
Acts & sections cited
Constitution Article 19(1)(g); IBC Section 29A

Headnote

Advocates Act, 1961 - s.30 - Master Circular dtd. 01.07.13 issued by RBI inter alia setting out mechanism for identification of wilful defaulters, entrusted cases of wilful default to a Committee of higher functionaries, which would then take a preliminary decision - Thereafter, time for making representation to the Grievance Redressal Committee headed by the Chairman and the Managing Director and consisting of two other senior officers- Such Committee must give hearing to the borrower if he represents that he has been wrongly classified as a wilful

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