Supreme Court of India
State Bank of India v. M/s. Jah Developers Pvt. Ltd. & Ors.
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 view that first and foremost, the Committee comprising of the Executive Director and two other senior officials, being the First Committee, after following paragraph 3(b) of the Revised Circular dated 01.07.2015, must give its order to the borrower as soon as i t is made.
Judgment, page 23
From the headnote
Advocates Act, 1961 – s.30 – Master Circular dtd. 01.07. 13 issued by RBI inter alia setting out mechanism for identification of wilful defaulters, entrusted cases of wilful default to a Committee of higher functionaries, which would then take a pr eliminary decision – Thereafter, the borrower should be provi ded 15 days’ time for making representation to the Grievance Redressal Committee headed by the Chairman and the Managing Director and consisting of two other senior officers– Such Committee must give he aring to the borrower if he represents that he has been wrongly clas sified as a
Authorities it was built on
- 1977 Mohinder Singh Gill & Anr. v. The Chief Election Commissioner, New Delhi & Ors.
- 1964 Associated Cement Companies Ltd. v. P. N. Sharma and Another
- 1962 Jaswant Sugar Mills Ltd., Meerut v. Lakshmichand and Others
- 1992 Crescent Dyes and Chemicals Ltd. v. Ram Naresh Tripathi
- 2006 The Management of National Seeds Corporation Ltd. v. K.V. Rama Reddy
- 1990 J.K. Aggarwal v. Haryana Seeds Development Corporation Ltd. and Ors
- 1962 The Engineering Mazdoor Sabha Representing Workmen Employed Under the Hind Cycles Ltd. and Another v. The Hind Cycles Ltd., Bombay
- 1981 Kavita W/o Sunder Shankardas Devidasani Etc. v. State of Maharashtra & Ors. Etc. Etc.
- 1981 Nand Lal Bajaj v. The State of Punjab and Anr.
- 2008 D.G. Railway Protection Force & Ors. v. K. Raghuram Babu
Where later benches applied it
- 2023 State Bank of India & Ors v. Rajesh Agarwal & Ors
- 2022 Securities and Exchange Board of India v. Mega Corporation Limited
- 2020 Anuj Jain Interim Resolution Professional for Jaypee Infratech Limited v. Axis Bank Limited Etc. Etc.
Of those, 2 referred to · 1 not applicable
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