Supreme Court of India · 2022-02-10
BANK OF BARODA vs M/S KARWA TRADING COMPANY
- Citation / case number
- SC 2017/31072
- Court
- Supreme Court of India
- Petitioner
- BANK OF BARODA
- Respondent
- M/S KARWA TRADING COMPANY
- Author
- HON'BLE MR. JUSTICE M.R. SHAH
- Bench
- HON'BLE MRS. JUSTICE B.V. NAGARATHNA HON'BLE MR. JUSTICE M.R. SHAH
Judgment text excerpt
The Supreme Court addressed the appeal by Bank of Baroda against the Rajasthan High Court's decision that quashed the Single Judge's order and mandated the bank to release a residential property upon the borrower depositing an additional sum. The Court emphasized the importance of adhering to the Debt Recovery Tribunal's procedures and the rights of secured creditors. Ultimately, the Supreme Court upheld the High Court's directive, allowing the borrower to restore their appeal before the DRT for a merits hearing.