Supreme Court of India · 2023-04-17
M/S. SOUTH INDIAN BANK LTD. vs NAVEEN MATHEW PHILIP
- Citation / case number
- SC 2022/37513
- Court
- Supreme Court of India
- Petitioner
- M/S. SOUTH INDIAN BANK LTD.
- Respondent
- NAVEEN MATHEW PHILIP
- Author
- HON'BLE MR. JUSTICE SANJIV KHANNA
- Bench
- HON'BLE MR. JUSTICE M.M. SUNDRESH HON'BLE MR. JUSTICE SANJIV KHANNA
Judgment text excerpt
The Supreme Court addressed the enforcement of a unilateral offer in private financial transactions and the jurisdiction of the High Court under Article 226 of the Constitution. The case involved loans declared as non-performing assets, with the Respondents seeking time to repay. The court examined the legality of the High Court's interference with the actions taken under the SARFAESI Act, ultimately ruling on the validity of the notices issued for recovery of dues.