Supreme Court of India
K.K. Baskaran v. State Rep. by its Secretary, Tamil Nadu & 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.
5 Supreme Court benches have cited this judgment.
What the Court ordered
We are of the opinion that there is no merit in this petition.
Judgment, page 19
From the headnote
Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997 - Constitutional Validit:I of - Held: Is constitutionally valid - The Act does not roncentrate on the transaction of banking or acceptance of deposits - It has been enacted to provide a speedy remedy to depositors who were deceived by fraudulent financial establishments - Activities of these financial companies do not come within the term 'banking' as defined in the Banking Regulation Act, 1949 or Reserve Bank of India Act, 1934 - Reserve Bank of India Act, Banking Regulation Act and Companies Act which
Where later benches applied it
- 2020 Pandurang Ganpati Chaugule v. Vishwasrao Patil Murgud Sahakari Bank Limited
- 2013 Soma Suresh Kumar v. Government of Andhra Pradesh & Ors.
- 2025 National Spot Exchange Limited v. Union of India & Ors.
- 2022 The State of Maharashtra v. 63 Moons Technologies Ltd.
- 2014 The Security Association of India & Anr. v. Union of India & Ors.
Of those, 2 relied on · 3 referred to
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