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.