Supreme Court of India

Anil Khandelwal Etc. v. Phoenix India and Anr.

Neutral citation
Reported as [2025] 8 S.C.R. 2416
Bench Sanjay Karol and Sandeep Mehta JJ.
Decided 28 August 2025

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

Issue for Consideration Whether the High Court erred in rejecting the quashing petition filed by the appellants-Officers of the Bank challenging the order passed by the Magistrate issuing process against them for the offences punishable u/ss.500 and 501, Penal Code, 1860. Headnotes† Penal Code, 1860 – ss.500, 501 – Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 – s.32, 13(2), (4) – Security Interest (Enforcement) Rules, 2002 – r.8 – Code of Criminal Procedure, 1973 – s.482 – Loan accounts of respondent No.1-firm were classified as

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