Supreme Court of India

Eureka Forbes Limited v. Allahabad Bank and Ors.

Neutral citation
Reported as [2010] 5 S.C.R. 990
Bench B. Sudershan Reddy and Swatanter Kumar JJ.
Decided 3 May 2010

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.

4 Supreme Court benches have cited this judgment.

From the headnote

Recovery of Debts Due to Banks and Financial Institutions Act, 1993: Object of the Act - Discussed. s.2(g) and 17 - 'debt' - Meaning of- Jurisdiction of Debt Recovery Tribunal - Respondent nos.2 and 3 had obtained licence from appellant company to use their factory premises - They failed to pay the licence fee - Appellant sold the goods lying in the premises and adjusted the sale proceeds thereof towards the arrears of licence fee, without the consent of respondent no.1-bank, though said goods were hypothecated by respondent nos.2 and 3 in favour of respondent no.1 - Claim by respondent

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