Supreme Court of India

Industrial Investment Bank of India Ltd. v. M/s Jain Cables Pvf. Ltd. & Ors.

Neutral citation
Reported as [2011] 1 S.C.R. 82
Bench Aftab Alam and R.M. Lodha JJ.
Decided 5 January 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.

From the headnote

Industrial Reconstruction Bank of India Act, 1984 - s. 40 - Enforcement of claims by the Reconstruction Bank - Industrial concern defaulting in repayment of loan given by the Reconstruction Bank (/RBI) - Subsequent, transfer of undertakings of /RBI to Industrial Investment Bank of India Ltd. (I/BIL) in 1997 - Recalling of loan by I/BIL - Non-payment of loan by industrial concern - Application by I/BIL against industrial concern uls. 40 of the 1984 Act before the High Court - Maintainability of- Held: Application is maintainable - Sub­ section (4) of Section 4 read with Sub-Section (2)(b) of

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