SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI) & ANR Vs. M/S EMOSONS ORGANICS LTD. & ANR.
LAWS(SC)-2017-8-186
SUPREME COURT OF INDIA
Decided on August 29,2017

Small Industries Development Bank Of India (Sidbi) And Anr Appellant
VERSUS
M/S Emosons Organics Ltd. And Anr. Respondents

JUDGEMENT

KURIAN,J. - (1.) Leave granted.
(2.) The issue raised in this appeal is whether The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (Sarfaesi) is applicable in the State of Jammu and Kashmir.
(3.) That question has been answered by this Court in detail in State Bank of India v. Santosh Gupta and Anr. Etc., reported in (2017) 2 SCC 538 . It has been held by this Court that the Act is applicable in the State of Jammu and Kashmir. Therefore, the Judgment of the High Court is set aside and this appeal is allowed.;


Click here to view full judgement.
Copyright © Regent Computronics Pvt.Ltd.