Supreme Court of India
Karnataka State Industrial Investment & Development Corporation Ltd. v. S.K.K. Kulkarni & Ors.
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.
What the Court ordered
We are of the view that Section 31 read with Section 32 constitutes a Code by itself.
Judgment, page 9
From the headnote
STATE FINANCIAL CORPORATION ACT, 1951: ss. 31 (1 )(aa) and 32 - Special provisions for enforcement of claims of Financial Corporation - Territorial jurisdiction - Industrial concern located within jurisdiction of District Judge, Belgaum - Property of the concern sold in exercise of power uls 29 - Sale proceeds being less than the amount due, Corporation filing application u/s 31(1) before Civil Judge, o Bangalore for enforcement of surety- High Court holding that Bangalore Court had no territorial jurisdiction to entertain the application - HELD: Right of a State Financial Corporation uls 29
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