Supreme Court of India

Agarwal Tracom Pvt. Ltd. v. Punjab National Bank & Ors.

Neutral citation
Reported as [2017] 11 S.C.R. 164
Bench R. K. Agrawal and Abhay Manohar Sapre JJ.
Decided 27 November 2017

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.

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From the headnote

Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - ss.17 and 13 (4) - Auction purchaser challimging the action of the secured creditor in foifeiting the deposit -Appropriate remedy- Filing q( an application uls.17 before the DRT or writ petition u!Art.2261227 - Held: Reading of s.17(2) and r. 9(5) clear(v show that an action of secured creditor in forfeiting the deposit made by the auction purchaser is a part of the measures taken by the secured creditor u!s. 13(4) - Auction purchaser is one such person, who is aggrieved by the action of the

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