Supreme Court of India
State Bank of India v. Yasangi Venkateswara Rao
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.
3 Supreme Court benches have cited this judgment.
What the Court ordered
With the aforesaid observations, this appeal is allowed, the judgment and dec~ee of the High Court is set aside and that of the lower appellate court restored. No order as to costs.
Judgment, Last paragraph (p. 216-F)
From the headnote
Banking Regulation Act, 1949: Section 21-A (as inserted in 1984)-Provided that banking transaction not to be reopened by any court on ground that interest rate of such transaction is excessive--Preliminary decree was passed by trial court in a suit for recovery of money and upheld in appeal by District Court-However, High Court allowed second appeal on the ground that S.21-A was ultra vires-Held: S.21-A deals with question of rate of interest charged by a banking company, whether to an agriculturist or non-agriculturist-Therefore, reference to Entry 30 of List II dealing with relief of agriculture indebtedness is of no consequence-Hence, S.21-A is validly enacted and High Court erred in holding that Parliament has no jurisdiction to enact S.21-A-Constitution of India, 1950, Arts 245 and 246, Sch.…
Where later benches applied it
- 2018 Jayant Verma & Ors. v. Union of India & Ors.
- 2025 Confederation of Real Estate Developers of India (credai) v. Vanashakti
- 2002 I.T.C. Limited v. Agricultural Produce Market Committee and Ors.
Of those, 1 referred to · 2 mentioned
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