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Supreme Court of India

M/s Madras Petrochem Ltd. & Anr v. Bifr& Ors.

Neutral citation
Reported as [2016] 11 S.C.R. 419
Bench Kurian Joseph J.
Decided 29 January 2016

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.

9 Supreme Court benches have cited this judgment.

From the headnote

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) - ss. 13, 35, 37 and 41 - Sick Industrial Companies (Special Provisions) ·Act, 1985 (SICA) - ss. 15; 22 and 32 - Whether the SARFAESI Act prevails over the SICA Act - Held: SARFAESI Act prevails over the SICA to the extent of inconsistency therewith - Where a secured creditor of a sick industrial company seeks to recover its. debt in the manner provided by s.13 (2) of the SARFAESI Act, such secured creditor may realise such secured debt uls. 13(4) of the SARFAESI Act,

Authorities it was built on

Where later benches applied it

Of those, 5 relied on · 3 referred to · 1 mentioned

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