Supreme Court of India

Kanaiyalal Lalchand Sachdev and Ors. v. State of Maharashtra and Ors.

Neutral citation

Reported as [2011] 2 S.C.R. 602

Bench D.K. Jain and H.L. Datiu JJ.

Decided 7 February 2011

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.

6 Supreme Court benches have cited this judgment.

From the headnote

Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002: s. 17 - Default in repayment of secured debt - Notice issued u/s. 13(2) to borrower to discharge liability -Application u/s. 14 by secured creditor before Magistrate for taking possession of mortgaged properties, allowed - Writ petition by borrower/ guarantors before High Court, dismissed on the ground that an alternative remedy was available to them uls. 17 - On appeal, held: s.13(4) provides that if borrower fails to discharge his liability within the period specified in s. 13(2) then

Authorities it was built on

2006 M/s Transcore v. Union of India and Anr. cited by 30
2010 United Bank of India v. Satyawati Tondon and Others cited by 27

Where later benches applied it

2015 Union of India & Ors. v. Major General Shri Kant Sharma & Anr. relied on
2022 Phoenix Arc Private Limited v. Vishwa Bharati Vidya Mandir & Ors. referred to
2021 Hemraj Ratnakar Salian v. Hdfc Bank Ltd. & Ors. referred to
2019 Bajarang Shyamsunder Agarwal v. Central Bank of India & Anr. referred to
2019 Shakeena & Anr. v. Bank of India & Ors. referred to
2018 Authorized Officer, State Bank of Travancore and Another v. Mathew K. C. referred to

Of those, 1 relied on · 5 referred to

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