Supreme Court of India
Pradeep Kumar Sharma v. U.P.F.C. Rajpur Road, Dehradun & Ors.
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What the Court ordered
In view of the above discussions, we allow both the appeals and -set aside the order dated 05.12.2006 passed by the High Court of Uttarakhand at Nainital.
Judgment, page 10
From the headnote
STATE FINANCIAL CORPORATION ACT, 1951: s. 29 - Default in repayment of loan -Property mortgaged c by borrower, sold by State Financial Corporation - Held: By virtue of sub-s. (2) of s. 29 of the Act such transfer of property by the Corporation will vest in the transferee all rights in the property as if the transfer had been made by the owner thereof. CONSTITUTION OF IND/ , 1950: Art. 226 - Writ petition - Maintainability of - Held: In the instant case, essence of the dispute between the parties denuded the tis of a public law character - The issues raised by the writ petitioner before the
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