Legal Reference Library

Cited: (i) AIR 2007 SC 712 : M/s. Transcore v. Union of India & ors.; (ii) AIR 2007 Kerala 114 : Business India Builders & Developers Ltd. v. Union Bank of India & ors.; (iii) AIR 2008 Kerala 179 : Kottakkal Co-operative Urban Bank v. T. Balakrishnan & anr.; (iv) Bharatbhai Ramniklal v. Collector and District Magistrate, an unreported decision of the Gujarat High Court dated October 29, 2009; (v)  AIR 2010 Madras 24 M/s. Kathikkal Tea Plantations & etc. v. State Bank of India & anr.; (vi) AIR 2006 Punjab & Haryana 107 : M/s. Kalyani Sales Company & anr. v. Union of India & ors.; and (vii) AIR 2011 Gauhati 19 : Smt. Popi Chakraborty & ors. v. Punjab National Bank & ors. (viii) Punjab and Haryana High Court in Kalyani Sales Company v. Union of India, AIR 2006  (ix) AIR 2012 Kerala 27 : N.P. Pushpangadan & ors. v. The Federal Bank Ltd. & ors. (x) (2009) 4 SCC 486 : AI Champdany Industries Ltd. v. Official Liquidator, ...

Cited: 1) W.P. No. 353 of 2014 (M/s. Mercury Exporters and Manufacturing Pvt. Ltd. & anr. v. Punjab National Bank and anr 2) APO No. 177 of 2014 (M/s. Mercury Exporters and Manufacturing Pvt. Ltd. & anr. v. Punjab National Bank and anr 3) Harshad Govardhan Sondagar v. International Assets Reconstruction Co. Ltd. & ors (Criminal Appeal No. 736 of 2014) Held: Bona Fide Tenent/Lessee can approach DRT under Sec 17 after issue of sale notice Kolkata High Court (Appellete Side) S. Vision Comptech Integrators ... vs State Bank Of India on 20 June, 2014 Author: Dipankar Datta IN THE HIGH COURT AT CALCUTTA CONSTITUTIONAL WRIT JURISDICTION APPELLATE SIDE PRESENT : HON'BLE JUSTICE DIPANKAR DATTA W.P. No.16033 (W) of 2014 M/s. Vision Comptech Integrators Ltd. Vs State Bank of India & ors. For the petitioner : Mr. Surajit Nath Mitra, Sr. Advocate Mr. N. Srinivas, Advocate Mr. S.N. Pandey, Advocate For the respondents : Mr. Shamit Sanyal, Advocate Ms. Shahan...

Standard Chartered Bank v. V. Noble Kumar, (2013) 9 SCC 620 Ss. 13(2) & 13(4)(a), 14 and 17 - Possession of secured asset by creditor - Secured creditor Bank approaching Magistrate directly for enforcing security interest (obtaining possession of secured asset) without resorting to taking possession on its own under S. 13(4) - Legality - Exhaustion of right to obtain possession of secured asset directly by Bank under S. 13(4) prior to approaching Magistrate for taking possession of secured asset - Held, not mandatory - Nonattempt of Bank to obtain possession of secured asset directly, if deprives right of appeal of borrower - Failure of debtor to object to Bank's notices under S. 13(2) - Waiver of right to appeal under S. 17 - Held, it is not mandatory for secured creditor (Bank herein) to make an attempt to obtain possession on his own before approaching Magistrate - Secured creditor Bank/FI can resort to any one of three methods available to it to take possession of secure...