Supreme Court of India
Canara Bank v. P. Selathal and Ors. Etc.etc.
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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
In view of the above and for the reasons stated above, b oth these appeals succeed.
Judgment, page 20
From the headnote
Code of Civil Procedure, 1908 – Or.7, r.11 – Reject ion of Plaint – The appellant-bank sanctioned and granted a term loan to a partnership firm – The said loan was secured by m ortgage of immovable property belonging to the said firm and l and of a Guarantor – The land of the guarantor are subject matter of dispu te – Guarantor had signed Guarantee Deed and created a equitable mortgage by deposit of title deeds – The original borr ower failed to repay the loan amount – The DRT proceeded ex- parte against the Guarnator and directed the principal borrower, its partners and the Guarantor pay the
Authorities it was built on
- 1977 T. Arivandandam v. T. V. Satyapal & Another
- 2017 Madanuri Sri Rama Chandra Murthy v. Syed Jalal
- 2012 The Church of Christ Charitable Trust & Educational Charitable Society, Represented by its Chairman v. M/s Ponniamman Educational Trust Represented by its Chairperson/ Managing Trustee
- 2004 Sopan Sukhdeo Sable and Ors. v. Assistant Charity Commissioner and Ors.
- 2001 Punjab National Bank v. O.C. Krishnan and Ors.
Where later benches applied it
Of those, 1 referred to
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