Supreme Court of India

M/s. Shilpa Shares and Securities and Ors v. The National Co-operative Bank Ltd. and Ors

Neutral citation
Reported as [2007] 5 S.C.R. 1128
Bench S.B. Sinha and Markandey Ka Tju JJ.
Decided 2 May 2007

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.

2 Supreme Court benches have cited this judgment.

From the headnote

Maharashtra Co-operative Societies Act, 1960/Maharashtra Co­ operative Societies Rules, 1961; Rule 107: Loan-Default in payment by borrower-Recovery by Auction sale of the property of borrower-85% of the purchase money not paid by the purchaser-Effect of-Held: Sale was not valid-Under the circumstances, the bank is directed that the property be again auction sold after proper advertising and complying with the procedure under R.107 of the Rules- Sale of Goods Act, 1930---Sale. Appellant had borrowed a loan from respondent No.I, a co-operative bank. Since the appellant was in default in

Where later benches applied it

Of those, 1 relied on · 1 referred to

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