Civil Law
Mode of Citation- ILC-2018-SC-CIVIL-....
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Civil Law
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Civil Law
Mode of Citation- ILC-2018-SC-CIVIL-....
Judgement Subject Index/Important Decision/Topic


D. Nageswar Rao Vs. S.B.I. & Ors.

Head Note

Constitution of India, 1950  - Article 142 , Recovery of Debts Due to Banks and Financial Institutions Act, 1993  - Debt Recovery

Auction Sale - Property was auctioned for an amount of Rs.48,80,000/- and Respondent No.3 auction purchase had deposited the entire amount of Rs.48,80,000/- before the Debt Recovery Tribunal, though belatedly, and the same is kept in an interest bearing account - Outstanding dues as on today is Rs. 1,02,06,815/- - Appellant sought indulgence that he may be permitted to pay the outstanding amount in installments which is opposed by Bank having regard to the past conduct of the appellant - In the interest of justice one more opportunity given to the appellant-Further directions issued.

Topic(s)-Debt Recovery - Auction Sale - Opportunity granted for payment

Full Judgement Body

@2017 Indian Law
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