Supreme Court of India · 2021-12-03
ARCE POLYMERS PVT. LTD. vs M/S ALPHINE PHARMACEUTICALS PVT. LTD.
- Citation / case number
- SC 2020/6478
- Court
- Supreme Court of India
- Petitioner
- ARCE POLYMERS PVT. LTD.
- Respondent
- M/S ALPHINE PHARMACEUTICALS PVT. LTD.
- Author
- HON'BLE MR. JUSTICE SANJIV KHANNA
- Bench
- HON'BLE MS. JUSTICE BELA M. TRIVEDI HON'BLE MR. JUSTICE SANJIV KHANNA
Judgment text excerpt
The Supreme Court upheld the High Court's decision to quash the proceedings initiated by Andhra Bank for the sale of mortgaged property, ruling that the bank violated the provisions of the SARFAESI Act and its associated rules. The court emphasized the importance of adhering to statutory requirements in enforcement actions. Consequently, the appeals by Arce Polymers and the Bank were dismissed, affirming the High Court's judgment.