Supreme Court of India
Bank of India v. Vijay Transport and Others
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We hold that the provi sions of the Act are not applicable to the appellant Bank and, there fore, there is no question of scaling down the debt due to the Bank by the respondents.
Judgment, page 12
From the headnote
Andhra Pradesh (Andhra Area) Agriculturists Relief Act, 1938: Sec. 4(e)-'Debt'-Due to Bank-Scaling down of debt-Whether permissible. st Banking Companies Act: Validity of-Act whether a special Indian law. Statutory Interpretation: Duty of court-To look at the setting in which words are used and circumstances in which the law came to be passed. The appellant-Bank filed a suit against respondents including res pondent firm and its partners, who were agriculturists, for recovery of a sum of Rs.18,14,817.91 being balance of three principal amounts severally advanced by the Bank to the firm under
Where later benches applied it
Of those, 1 referred to
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