Supreme Court of India
M/s Kerala Industrial Infrastructure Development Corporation v. Central Board of Trustees
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
With the above directions, the matter is referred to a larger Bench.
Judgment, 20
From the headnote
wherein the statutory charge, as created under the EPF & MP Act, was found to prevail over a non-obstante clause; overriding the provisions of any law in force at the time of the enactment. The statutory first charge under EPF & MP Act was found to override the non-obstante clause in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and we extract Paragraph 27 of the said decision as under: '27.…
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