Supreme Court of India
M.S. Sanjay v. Indian Bank & 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.
From the headnote
Issue for Consideration An auction was conducted on 31.07.2007 and sale certificate was issued on 30.11.2007. The respondent no.4-guarantor questioned the validity of auction proceedings. In 2019, the High Court declared the auction to be illegal. Whether the High Court failed in noticing equitable consideration in exercise of its extraordinary jurisdiction. Headnotes† Constitution of India – Art. 226 – Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI), 2002 – The respondent no.2 had availed of loan facility from the respondent no.1-Bank
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