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Bank of India vs. Nangli Rice Mills Case by Pranjal Prateek is a document available to read on EtoBox.

The Supreme Court of India ruled on a civil appeal involving the Bank of India and Sri Nangli Rice Mills P. Ltd., where the High Court had upheld a decision by the Debts Recovery Tribunal that it lacked jurisdiction over a dispute between two banks. The case centered on the borrower availing multiple credit facilities from both banks, leading to a conflict over the hypothecated securities. The court directed the parties to resolve their dispute through arbitration as per the SARFAESI Act, 2002.

Author

Pranjal Prateek

Language

EN