Supreme Court of India

Asset Reconstruction Company (india) Limited v. S. P. Velayutham & Ors

Neutral citation

Reported as [2022] 17 S.C.R. 637

Bench Hemant Gupta and V. Ramasubramanian JJ.

Decided 4 May 2022

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.

From the headnote

Constitution of India – Art.226 – Jurisdiction under – Failure of registering authority to perform its duties – Th e borrower defaulted in repayment of the loan pursuant to which the Bank iss ued a demand notice u/s 13(2) of the Securitisation Act - Bank which already initiated proceedings under the Securitisation Ac t, assigned the debt and the collateral security in favour of the appe llant - By deed of PoA, the power of sale is said to have been confer red upon the agent, but this was un-registered - On the basis of deed of PoA, which did not confer a power of sale, respondent sold the

Authorities it was built on

1964 Thansingh Nathmal and Ors. v. A.mazid, Superintendent of Taxes cited by 12
2015 Satya Pal Anand v. State of M.P. and Others cited by 4
2009 Rajni Tandon v. Dulal Ranjan Ghosh Dastidar and Anr. cited by 2
2019 Sarvepalli Ramaiah (died) as Per Lrs and Others v. The District Collector Chittoor District and Others cited by 2

Sign in free to read it

The full judgment, page by page, as published in the Supreme Court Reports
The ratio: what the Court held, verbatim, with the page it sits on
Every bench that relied on it, and every bench that argued against it
Search every reported judgment, by party, citation or question
Download the PDF, copy pinpoint citations ready for a filing

An email address, no password.