Supreme Court of India

M/s. Unique Butyle Tube Industries Pvt. Ltd. v. U.P. Financial Corporation and Ors.

Neutral citation
Reported as [2002] SUPP. 5 S.C.R. 666
Bench Syed Shah Mohammed Quadri and Arijit Pasayat JJ.
Decided 20 December 2002

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.

From the headnote

Recovery of Debts due to Bank and Financial Institutions Act, I993- Section 34(2)-Uttar Pradesh Public Monies (Recovery of Dues) Act, I972- Recovery proceedings by financial Corporation under U.P. Act in view of Section 34(2)-Maintainability of-lfeld, recovery proceedings under U.P Act is not permissible since Section 34 confers overriding effect vis-ii-vis other statutes and proceedings under U.P. Act are not the exceptions to such overriding effect-Further the U.P. Act deals with separate modes of recovery and such proceedings are not relatable to proceedings under the Financial Act.

Authorities it was built on

Where later benches applied it

Of those, 2 referred to · 1 not applicable

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