Advanced Search Results

Durga Hotel Complex Vs. Reserve Bank of India and ors.

Court : Supreme Court of India

Subject : Banking

Acts : Recovery of Debts Due to Banks and Financial Institutions Act, 1993 - Sections 19(8) to 19(11); Banking Regulation Act, 1949 - Sections 35A; Constitution of India - Article 226

Reported in : AIR2007SC1467; 2007(3)AWC2281(SC); II(2007)BC575(SC); [2007]136CompCas631(SC); 2007(3)CTC609; JT2007(4)SC424; 2007(2)KLT717(SC); (2007)5MLJ35(SC); 2007(4)SCALE482; (2007)5S

P.K. Balasubramanyan, J.Leave granted.1. The appellant, a partnership firm, sought a loan from the third respondent Bank for putting up a hotel. In April 1997, a loan of Rs. 15 lakhs was sanctioned by the Bank....