Supreme Court of India · 2022-04-27

RAJASTHAN FINANCIAL CORPORATION JAIPUR vs M/S JAIN BANDHU SNEH RESORTS PRIVATE LIMITED

Citation / case number: SC 2019/41198
Court: Supreme Court of India
Petitioner: RAJASTHAN FINANCIAL CORPORATION JAIPUR
Respondent: M/S JAIN BANDHU SNEH RESORTS PRIVATE LIMITED
Author: HON'BLE MR. JUSTICE L. NAGESWARA RAO
Bench: HON'BLE MR. JUSTICE B.R. GAVAI HON'BLE MR. JUSTICE L. NAGESWARA RAO

Judgment text excerpt

The Supreme Court addressed the appeals challenging the Rajasthan High Court's judgment regarding the repayment of loans taken by M/s Jain Bandhu Sneh Resorts Pvt. Ltd. from the Rajasthan Financial Corporation. The court upheld the High Court's decision, emphasizing the importance of adhering to loan agreements and the consequences of default. The appeals were dismissed, reinforcing the obligation of borrowers to fulfill their repayment commitments.