Supreme Court of India · 2020-05-20
CANARA BANK vs M/S LEATHEROID PLASTICS PVT LTD.
- Citation / case number
- SC 2019/13934
- Court
- Supreme Court of India
- Petitioner
- CANARA BANK
- Respondent
- M/S LEATHEROID PLASTICS PVT LTD.
- Author
- HON'BLE MR. JUSTICE ANIRUDDHA BOSE
- Bench
- HON'BLE MRS. JUSTICE R. BANUMATHI, HON'BLE MS. JUSTICE INDU MALHOTRA, HON'BLE MR. JUSTICE ANIRUDDHA BOSE
Judgment text excerpt
The Supreme Court addressed the dispute between Canara Bank and Leatheroid Plastics Pvt. Ltd. regarding the credit facilities extended by the bank. The court examined the agreements related to the hypothecation of assets and the restructuring of debt repayment. It upheld the validity of the bank's claims and the enforceability of the security agreements, emphasizing the importance of adhering to contractual obligations in financial arrangements.