Supreme Court of India
Pegasus Assets Reconstruction P. Ltd. v. M/s. Haryanaconcast Limited &anr.
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.
From the headnote
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - ss. 9, 13, 17 and 18 - Sale of secured asset by a secured creditor under the SARFAESI Act- Whether can be controlled by company court either directly or through an official liquidator - Held: There is no lacuna or ambiguity in the SARFAESI Act so as to borrow anything from Companies Act - The required provisions of the Companies Act have been incorporated in the SARFAESI Act for harmonizing this Act with the Companies Act - Therefore, there is no reason to take recourse to any provisions of
Authorities it was built on
- 2004 Mardia Chemicals Ltd. Etc. Etc. v. Union of India and Ors. Etc. Etc.
- 1969 Navalkha & Sons v. Sri Ramanya Das & Ors.
- 2005 Rajasthan Financial Corporation and Anr. v. The Official Liquidator and Anr.
- 1996 Industrial Credit and Investment Corporation of India Ltd. v. M/s Srinivas Agencies and Ors. Etc. Etc.
- 2008 M/s. Bakemans Industries Pvt. Ltd. v. M/s. New Cawnpore Flour Mills and Others
- 2015 Vedicaprocon Private Limited v. Balleshwar Greens Private Limited & Others
- 2007 Ram Kripal Singh v. State of U.P. and Ors.
- 2013 Bank of Maharashtra v. Pandurang Keshav Gorwardkar & Ors
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.