Supreme Court of India

M/s Pro Knits v. The Board of Directors of Canara Bank & Ors.

Neutral citation
Reported as [2024] 8 S.C.R. 140
Bench Bela M. Trivedi and R. Mahadevan JJ.
Decided 1 August 2024

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.

From the headnote

Issue for Consideration Whether the Notification dated 29.05.2015 issued by the Central Government in exercise of the powers conferred under Section 9 of the Micro, Small and Medium Enterprises Development Act, 2006, containing Instructions for the “Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises” as revised from time to time, is mandatory or directory. Headnotes† Micro, Small and Medium Enterprises Development Act, 2006 – ss.9, 10 – The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 – Banking Regulation

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