Jammu Rural Bank vs Mohd. Din & Ors

The Supreme Court upheld the applicability of the Debt Relief Scheme introduced by the Government of India under letter No. F.11(08)/96-CP, which waives loans up to Rs.50,000 for borrowers in Jammu and Kashmir. The Court affirmed the High Court's decision that loans taken for establishing dairy units and rearing livestock qualify as trade under the scheme, thus dismissing the banks' appeals. The judgment clarified that agricultural matters are not excluded from the scheme's benefits, reinforcing the legal principle of equitable relief for borrowers under government schemes.