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december 1997

Supreme Court of India · 1997-12-10

UNITED BANK OF INDIA vs B T W INDS LTD

Citation / case number
SC 1997/6660
Court
Supreme Court of India
Petitioner
UNITED BANK OF INDIA
Respondent
B T W INDS LTD
Author
S.C. AGARWAL
Bench
S. RAJENDRA BABU S.C. AGARWAL

Judgment text excerpt

The Supreme Court addressed appeals from the Calcutta High Court regarding the appointment of a Receiver and the terms of decrees in suits filed by the United Bank of India under the provisions of the Code of Civil Procedure. The Court held that the High Court's rejection of the Bank's applications for further orders was erroneous, emphasizing the need for effective enforcement of decrees and the appointment of experts for asset valuation. The Court directed that the Special Officer should take possession of the assets and ensure compliance with the payment terms stipulated in the decrees.

UNITED BANK OF INDIA vs B T W INDS LTD · Niyam