Supreme Court of India
Baleshwar Dayal Jaiswal v. Bank of India & 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.
What the Court ordered
We are of the view that for purposes of decision of these appeals, it is not C necessary to decide the question whether the Tribunal under the Banking statutes in question was court for purposes of Section 29(2) of the Limitation Act.
Judgment, page 15
From the headnote
Securitisation and Reconstruction of Financial Assets c and Enforcement of Security Interest Act, 2002 - s. 18(2) - Appellate Tribunal - Power of - To condone delay in filing appeal u/s.18(1) of the Act- Held: s. 18(2) provides that the Tribunal under the Act has to dispose of an appeal in accordance with the provisions of Recovery of Debts Due to Banks and Financial Institutions Act, 1993 - Thus the proviso to s. 20(3) of the 1993 Act is applicable - Unless the scheme of the statute expressly excludes the power of condonation, such power cannot be denied to the Tribunal, when the statutory
Authorities it was built on
- 2006 M/s Transcore v. Union of India and Anr.
- 2004 Gopal Sardar v. Karuna Sardar
- 1985 Onkarlal Nandlal v. State of Rajasthan & Anr.
- 2009 Nahar Industrial Enterprises Ltd. v. Hong Kong & Shanghai Banking Corporation
- 2004 Fairgrowth Investments Ltd. v. The Custodian
- 1969 Ram Kirpal Bhagat & Ors. v. State of Bihar
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