Supreme Court of India

United Bank of India, Calcutta v. Abhijit Tea Co. Pvt. Ltd. and Ors.

Neutral citation
Reported as [2000] SUPP. 3 S.C.R. 153
Bench M. Jagannadha Rao and Doraiswamy Raju JJ.
Decided 5 September 2000

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.

5 Supreme Court benches have cited this judgment.

What the Court ordered

We hold that the principle of purposive interpretation is to be applied to sections 18 and 31 of the Act and that suit 410/1985 filed by the Bank in 1985 and which stood remanded by the appellate C Court on 11.8.98 must in the eye of the law be deemed pending before the Single Judge and that it would stand transferred to the Tribunal.

Judgment, page 13

From the headnote

Recovery of Debts Due to Banks and Financial Institutions Act, 1993: Sections 18, 19, 31 and 34. Bank-Suit against Debtor-company in High Court-Disposed on 29.3.1994 by single Judge-Appeal-Disposed by Division Bench on 11. 8. I 998-Consequently suit remanded to single Judge-Enforcement of 1993 Act w.e.f 27.4. 1994 i.e. during pendency of appeal-Jurisdiction of Court-Held ousted-Held suit was pending on the date of commencement of .ct-1'herefore liable lo be transfe"ed I<> the Tribunal under the 1993 Act. V Debtor company-Suit fikd against banlc-Suit in the nature of a counter-c/aim:-Issues in

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