M/S. Pro Knits vs The Board Of Directors Of Canara Bank

insc-2024-565 Supreme Court of India 1 August 2024 • SPECIAL LEAVE PETITION (C) NO. 7898 OF 2024; SPECIAL LEAVE PETITION (C) NO. 3801 OF 2024; SPECIAL LEAVE PETITION (C) NO. 9594 OF 2024 • 16 min read

Judges (2)

Bela M. Trivedi Delivered Pankaj Mithal Coram

Parties (2)

Pro Knits Appellant The Board of Directors of Canara Bank Respondent

Case Significance

M/S. Pro Knits vs The Board Of Directors Of Canara Bank is a Supreme Court of India decision dated August 1, 2024 (citation: insc-2024-565). A banking dispute between Pro Knits and Canara Bank concerning loan recovery, NPA classification, or SARFAESI Act proceedings. The Supreme Court examined the banking regulatory framework and the High Court's findings. The appeal was decided on the merits. The bench comprised Justices Bela M. Trivedi and Pankaj Mithal. The judgment was delivered by Justice Bela M. Trivedi.

Summary

A banking dispute between Pro Knits and Canara Bank concerning loan recovery, NPA classification, or SARFAESI Act proceedings. The Supreme Court examined the banking regulatory framework and the High Court's findings. The appeal was decided on the merits.

What was the outcome of M/S. Pro Knits vs The Board Of Directors Of Canara Bank?

A banking dispute between Pro Knits and Canara Bank concerning loan recovery, NPA classification, or SARFAESI Act proceedings. The Supreme Court examined the banking regulatory framework and the High ...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (insc-2024-565)