Supreme Court of India · 2010-08-18
Common Cause (A Regd. Society) vs Union Of India & Anr
- Citation / case number
- AIR 2010 SUPREME COURT 3351
- Court
- Supreme Court of India
- Petitioner
- Common Cause (A Regd. Society)
- Respondent
- Union Of India & Anr
- Author
- A.K. Patnaik
- Bench
- A. K. Patnaik, J. M. Panchal
Judgment text excerpt
The Supreme Court addressed a Public Interest Litigation filed under Article 32 of the Constitution concerning the rising Non-Performing Assets (NPAs) in Indian banks, amounting to Rs.43,577 crores. The petitioner, a registered society, sought directions for the implementation of measures to mitigate NPAs, emphasizing the need for stricter creditworthiness checks and accountability of bank officials. The Court noted the government's rejection of the petitioner's suggestions, citing competitiveness concerns, and highlighted the importance of addressing NPAs for economic development. The Court ultimately directed the Union Government to reconsider the suggestions made by the petitioner.