Supreme Court of India
G. Vikram Kumar v. State Bank of Hyderabad & 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.
What the Court ordered
In view of the above and for the reasons stated above, the impugned judgment and order passed by the High Court is h ereby quashed and set aside.
Judgment, page 15
From the headnote
Securitization and Reconstruction of Financial Asse ts and Enforcement of Security Interest Act, 2002 : ss. 13 , 17 – Enforcement of security interest – Application agai nst measures to recover secured debts – On facts, initiation of proceedings u/ s 13 by the Bank against the borrower and attacheme nt of the properties of the borrower – Tribunal allowed the ank to go ahead with the sale excluding seven flats identifie d by the borrower – However, Flat No.6401 was not amongst th e said seven flats – Borrower entered into an agreement to sale of Flat No.6401 with the respondent no. 1 without
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