Supreme Court of India

Authorized Officer, Indian Overseas Bank and Anr. v. M/s. Ashok Saw Mill

Neutral citation
Reported as [2009] 11 S.C.R. 599
Bench Altamas Kabir and Cyriac Joseph JJ.
Decided 16 July 2009

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.

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From the headnote

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - s.13(4) and s. 17 - Jurisdiction of Debts Recovery Tribunal (ORT) to interfere with the action taken by secured creditor in terms of s.13(4) - Held: Action taken by secured creditor in terms of s.13(4) is open to scrutiny and can not only be set aside but even the status quo ante can be restored by the ·oRT. The present appeals arise out of action take by secured creditor in terms of. Section 13(4) of the Securitisation and Reconstruction of Financial Asse.ts and Enforcement of Security

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