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Supreme Court of India

Jayant Verma & Ors. v. Union of India & Ors.

Neutral citation
Reported as [2018] 2 S.C.R. 679
Bench R. F. Nariman and Navin Sinha JJ.
Decided 16 February 2018

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.

3 Supreme Court benches have cited this judgment.

What the Court ordered

We are of the opinion that the judgment in Yasangi Venkateswara Rao (supra) cannot deter us in our task of laying down the law on the subject.

Judgment, page 65

From the headnote

Banking Regulation Act, 1949 – s.21A – Constitutio nal validity of – Held: s.21A is valid as it is part of an enact ment which, in pith and substance, is relatable to Entry 45, List I of the Seventh Schedule to the Constitution – However, insofar as s.21A incidentally encroaches upon the field of relief of agricultural indeb tedness, set out in Entry 30, List II, it will not operate only in Sta tes where there is a State Debt Relief Act which deals with the sub ject matter of relief of agricultural indebtedness, where the State Debt Relief Act covers debts due to “banks”, as defined in those

Authorities it was built on

Where later benches applied it

Of those, 1 relied on · 2 referred to

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