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august 2010

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.

Common Cause (A Regd. Society) vs Union Of India & Anr · Niyam