Supreme Court of India
Indiabulls Housing Finance Limited v. M/s. Deccan Chronicle Holdings Limited and Others
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.
2 Supreme Court benches have cited this judgment.
What the Court ordered
We hold that judgment of the High Court is erroneous and set aside the same.
Judgment, page 32
From the headnote
Securitisation and Reconstruction of Financial Asse sts and Enforcement of Security Interest Act, 2002: ss.2(1)(f), 2(1)(zb), 2(1)(zf) and 2(1)(zd), and 13 (1) and (4) – Loan granted to respondent (borrower) – By a non- financial company (not covered under 2002 Act) – The company subsequently merged with appellant-company (a financial company co vered by 2002 Act) – For recovery of loan initiation of proc eedings under 2002 Act – Held by High Court that the provisions of 2 002 could not be invoked because the company which had grante d the loan was not covered by 2002 Act at the time of
Authorities it was built on
Where later benches applied it
- 2020 Vidya Drolia and Others v. Durga Trading Corporation
- 2024 Jaipur Vidyut Vitran Nigam Ltd. & Ors. v. Adani Power Rajasthan Ltd. & Anr.
Of those, 1 relied on · 1 mentioned
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