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april 2020

Supreme Court of India · 2020-04-24

M/S Tripower Enterprises (Private) ... vs State Bank Of India

Citation / case number
AIRONLINE 2020 SC 580
Court
Supreme Court of India
Petitioner
M/S Tripower Enterprises (Private) ...
Respondent
State Bank Of India
Author
A.M. Khanwilkar
Bench
Ajay Rastogi, A.M. Khanwilkar

Judgment text excerpt

The Supreme Court upheld the decision of the Debts Recovery Appellate Tribunal (DRAT) regarding the rejection of the State Bank of India's application for the return of original documents related to a mortgage under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Section 13(4)). The Court emphasized that the validity of the mortgage was still under examination in the main proceedings, thus the DRT's decision to deny the application was justified. The appeal was dismissed, affirming the lower court's ruling.

M/S Tripower Enterprises (Private) ... vs State Bank Of India · Niyam