North Eastern Development Finance ... vs M/S. L Doulo Builders And Suppliers Co. ...

insc-2025-1446 Supreme Court of India 16 December 2025 • CIVIL APPEAL NO. 6492 OF 2024 • 23 min read

4 cases cited (0 SG, 4 foreign) Cited by 1 case

Practice Areas

Constitution of India Nagaland in accordance with provisions of the Nagaland Land and Revenue Regulations (Amendment) Act, 2002 Recovery of Debts and Bankruptcy Act, 1993 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

Judges (2)

Aravind Kumar Coram Dipankar Datta Delivered

Parties (2)

L. Doulo Builders and Suppliers Co. Pvt. Ltd Respondent North Eastern Development Finance Corporation Ltd Appellant

Case Significance

North Eastern Development Finance ... vs M/S. L Doulo Builders And Suppliers ... is a Supreme Court of India decision dated December 16, 2025 (citation: insc-2025-1446). Civil appeal regarding invocation of SARFAESI Act by a development finance corporation against a borrower in Nagaland. The Supreme Court dismissed the appeal, upholding the High Court's finding that the SARFAESI Act was erroneously invoked without a valid security interest being created, leaving the Corporation to pursue other legal remedies. The bench comprised Justices Aravind Kumar and Dipankar Datta. The judgment was delivered by Justice Dipankar Datta.

This case has been cited by 1 subsequent judgment. The judgment references 4 case citations.

Summary

Civil appeal regarding invocation of SARFAESI Act by a development finance corporation against a borrower in Nagaland. The Supreme Court dismissed the appeal, upholding the High Court's finding that the SARFAESI Act was erroneously invoked without a valid security interest being created, leaving the Corporation to pursue other legal remedies.