Supreme Court · 2006 INSC 690 · Decided 11 October 2006
State Bank of India v. M/S. Ranjan Chemicals LTD. and ANR.
- Court
- Supreme Court of India
- Citation
- 2006 INSC 690 · [2006] SUPP. 7 S.C.R. 145
- Case number
- CIVIL APPEAL No. 4443/2006
- Decided
- 11 October 2006
- Bench
- H.K. SEMA, P.K. BALASUBRAMANYAN (2-judge bench)
- Outcome
- Case Allowed
- Case type
- Civil
- Acts & sections cited
- CPC
Headnote
BANK OF INDIA A v. M/S. RAN.JAN CHEMICALS LTD. AND ANR. OCTOBER 11. 1006 [H.K. SEMA AND P.K. BALASUBRAMANY AN. JJ.] B Recove1:v of Debts Due to Banks and Financial Institutions Act, 1993: Sections 19(6) to (//) . Set off and/or counter claim-Clai111 for-Debt Recovel)' Tribunal- C Joint trial for the Bank issued a notice calling upon the company lo repay the a111oun/s due under the loan transaclions-Company filed a suil before !he civil cour/ c!ai111ing that /he Bank had failed to fi1lfil its D obligarions while 111aking available /he cash credit facility and therefore, the company had
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