Supreme Court of India
Akshay Gupta & Anr. v. Icici Bank Limited & 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
We are of the view that the loan account should be closed treating it as repaid or fully paid up.
Judgment, page 10
From the headnote
Issue for Consideration The three parties herein are the borrower/flat owners, the builder and the Bank – the lender. There were defaults at the end of each parties. However, same has been settled. Only three small issues have been flagged by the appellants: i) The Bank be directed to remove the word ‘settlement’ used in the loan account statement as it may affect future loan facilities being availed by the appellant; ii) The apartments purchased by the appellants are ready and some minor work remains which the builder may complete forthwith and hand over possession to the appellants; (iii)
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.