Supreme Court of India
Maharashtra State Financial Corporation v. Mis. Suvarna Board Mill and Anr.
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
In view of the aforesaid, this appeal is allowed by setting aside the impugned judgment, leaving the parties to bear their own costs.
Judgment, page 5
From the headnote
State Financial Corporation Act-Section 29-Exercise of power . under-Requirement of natural justice-Non payment of loan-Notice under Section 29 calling upon respondent to repay dues failing which possession of its factory premises would be taken-Absence of a Jonna/ show cause notice before taking action under Section 2Hf'hether amounts to >iolation of prin ciples of natural justice-Held, No. Respondent obtained "bridge loan" from the appellant. sum or Rs. 3 lakhs was disbursed Iayi~g down the repayment schedule. The respon- dent did not repay as agreed upon. The appellant issued a notice
Where later benches applied it
Of those, 1 referred to
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