Supreme Court of India
Bank of Maharashtra v. Pandurang Keshav Gorwardkar & 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.
1 Supreme Court bench has cited this judgment.
From the headnote
RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993: ss. 17 and 19 (19) of 1993 Act rlw ss.529(1)(c), proviso and 529- of Companies Act - Recovery of debts of company by bank/financial institution - Claim of workmen - Held: Where a company is in liquidation, a statutory charge 0 is created in favour of workmen in respect qf their dues over security of every secured creditor and this charge is pari passu with that of secured creditor - Such statutory charge is to the extent of workmen's portion in relation to security held by secured creditor of debtor company - This position
Authorities it was built on
- 2009 Central Bank of India v. State of Kerala and Ors.
- 2006 Icici Bank Ltd. v. Sidco Leathers Ltd. and Ors.
- 2000 Allahabad Bank v. Canara Bank and Anr.
- 2005 Rajasthan Financial Corporation and Anr. v. The Official Liquidator and Anr.
- 2000 A.P. State Financial Corporation v. Official Liquidator
- 2009 Nahar Industrial Enterprises Ltd. v. Hong Kong & Shanghai Banking Corporation
- 2005 Andhra Bank v. Official Liquidator and Anr.
- 2003 International Coach Builders Ltd. v. Karnataka State Financial Corpn.
- 2006 Radheshyam Ajitsarla and Anr. v. Bengal Chatkal Mazdoor Union and Ors.
Where later benches applied it
Of those, 1 mentioned
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