Supreme Court of India
Idbi Bank Ltd. v. Ramswaroop Daliya and 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 foregoing,the civil appeals are dismissed with no order as to costs.
Judgment, page 10
From the headnote
Issue for Consideration Whether there was any default on part of the respondents-auction purchasers in depositing the balance auction amount within the time prescribed pursuant to the auction sale so as to attract Rule 9(4) of the Security Interest (Enforcement) Rules, 2002 and allow the appellant-Bank to cancel the auction which had already been confirmed. Headnotes† Security Interest (Enforcement) Rules, 2002 – r.9(4), (5) – When not applicable: Held: The period to deposit the balance sale consideration under r.9(4) is not absolute/sacrosanct and is extendable with the consent in writing of
Authorities it was built on
- 1977 Mohinder Singh Gill & Anr. v. The Chief Election Commissioner, New Delhi & Ors.
- 2013 Gm, Sri Siddeshwara Co-operative Bank Ltd. & Anr. v. Sri Ikbal & Ors.
- 2022 Varimadugu Obi Reddy v. B. Sreenivasulu & Ors.
- 2023 Union Bank of India v. Rajat Infrastructure Pvt. Ltd. & Ors. and M/s. Sunview Assets Pvt. Ltd.
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.