Supreme Court · 1999 INSC 264 · Decided 14 May 1999
The Industrial Credit and Investment Corporation of India LTD. v. Grapco Industries LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 1999 INSC 264 · [1999] 3 S.C.R. 759
- Case number
- CIVIL APPEAL No. 3167/1999
- Decided
- 14 May 1999
- Bench
- S. SAGHIR AHMAD, D.P. WADHWA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- CPC; Constitution Article 227
Headnote
A B Recove1y of Debts Due to Banks and financial Institution Act, 1993 Sections 19,22-Ex parte order of injunction-Jurisdiction of Debts Recovery Tribunal-Held, Tribunals empowered to make interim order by way of C injunction or stay-It also has power to grant that order even ex parte­ a financial Company filed an application u/s I9 of the Recovery of Debts Due to Banks and financial Institutions Act, I993, claiming D an amount of over Rupees thirty six and a half crore against respondents I and 2 jointly and severally. The Debts Recovery Tribunal constituted under the Act
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