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august 2001

Supreme Court of India · 2001-08-10

M/S Plasto Pack, Mumbai & Anr vs Ratnakar Bank Ltd

Citation / case number
AIR 2001 SUPREME COURT 3651
Court
Supreme Court of India
Petitioner
M/S Plasto Pack, Mumbai & Anr
Respondent
Ratnakar Bank Ltd
Author
R.C. Lahoti
Bench
R.C.Lahoti

Judgment text excerpt

The Supreme Court addressed the appeal concerning a decree passed under Order 8 Rule 10 of the CPC for recovery of dues by a scheduled bank against a sole proprietary concern. The Court held that the appellants were liable to pay the outstanding amount along with interest, and affirmed the appointment of a Receiver to manage the mortgaged property. The Court emphasized the importance of due process in modifying decrees and upheld the lower court's decision regarding the enforcement of the decree, thereby dismissing the appeal.

M/S Plasto Pack, Mumbai & Anr vs Ratnakar Bank Ltd · Niyam