LAWS(SC)-2004-4-182

KUSUM INGOTS AND ALLOYS LIMITED Vs. UNION OF INDIA

Decided On April 28, 2004
KUSUM INGOTS AND ALLOYS LIMITED Appellant
V/S
UNION OF INDIA Respondents

JUDGEMENT

(1.) INTRODUCTION

(2.) The appellant is a company registered under the Indian Companies Act. Its registered office is at Mumbai. It obtained a loan from the Bhopal Branch of State Bank of India. The respondent No. 2 issued a notice for repayment of the said loan from Bhopal purported to be in terms of the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

(3.) Questioning the vires of the said Act, the said writ petition was filed before Delhi High Court by the appellant herein which was dismissed on the ground of lack of territorial jurisdiction.