Supreme Court of India

Harshad Govardhan Sondagar v. International Assets Reconstruction Co. Ltd.

Neutral citation
Reported as [2014] 11 S.C.R. 605
Bench A.K. Patnaik and V. Gopala Gowda JJ.
Decided 3 April 2014
Status Distinguished

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.

8 Supreme Court benches have cited this judgment.

From the headnote

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - ss. 13, 14 and 17 - Proceedings under the Act - By the secured creditor against the borrower - The secured assets consisting of premises leased out by the borrower and was in possession of the lessees - Whether the Act would affect the /ease - Held: So long as the mortgage deed does not prohibit a mortgagor from making a /ease of the mortgaged property and so Jong as the lease satisfies the requirements of s. 65A(2) of T.P. Act, a /ease made by borrower as a mortgagor is valid and binding on

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