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BARE ACTS

Supreme Court (SC) Judgements on Banking Regulation Act, 1949

Bare Act Title Category / State
Banking Regulation Act, 1949 Banking Laws
 

List of Judgements

National Spot Exchange Ltd. Vs. Union of India & Ors.

Judgement Date : may/2025, Citation : 2025 Latest Caselaw 581 SC

Kalyani Transco Vs. M/s. Bhushan Power and Steel Ltd. & Ors.

Judgement Date : may/2025, Citation : 2025 Latest Caselaw 491 SC

M/s. Shri Sendhur Agro and Oil Industries Vs. Kotak Mahindra Bank Ltd.

Judgement Date : march/2025, Citation : 2025 Latest Caselaw 231 SC

Hongkong and Shanghai Banking Corporation Ltd. Vs. Awaz & Ors.

Judgement Date : december/2024, Citation : 2024 Latest Caselaw 830 SC

Bank of Rajasthan Ltd. Vs. Commissioner of Income Tax

Judgement Date : october/2024, Citation : 2024 Latest Caselaw 644 SC

Pro Knits Vs. The Board of Directors of Canara Bank & Ors.

Judgement Date : august/2024, Citation : 2024 Latest Caselaw 477 SC

Shakti Yezdani & Anr. Vs. Jayanand Jayant Salgaonkar & Ors.

Judgement Date : december/2023, Citation : 2023 Latest Caselaw 931 SC

Hari Babu Thota Vs. XXX

Judgement Date : november/2023, Citation : 2023 Latest Caselaw 919 SC

Tottempudi Salalith Vs. State Bank of India & Ors.

Judgement Date : october/2023, Citation : 2023 Latest Caselaw 805 SC

Religare Finvest Ltd. Vs. State of NCT of Delhi & Anr.

Judgement Date : september/2023, Citation : 2023 Latest Caselaw 714 SC

Eva Agro Feeds Pvt. Ltd. Vs. Punjab National Bank and Anr.

Judgement Date : september/2023, Citation : 2023 Latest Caselaw 709 SC

A. Sreenivasa Reddy Vs. Rakesh Sharma & Anr.

Judgement Date : august/2023, Citation : 2023 Latest Caselaw 619 SC

M.K. Rajagopalan Vs. Dr. Periasamy Palani Gounder & Anr.

Judgement Date : may/2023, Citation : 2023 Latest Caselaw 435 SC

State Bank of India & Ors. Vs. Rajesh Agarwal & Ors.

Judgement Date : march/2023, Citation : 2023 Latest Caselaw 388 SC

Vivek Narayan Sharma Vs. Union of India

Judgement Date : january/2023, Citation : 2023 Latest Caselaw 15 SC

M/s. Muthoot Leasing and Finance Ltd. Vs. Commissioner of Income Tax

Judgement Date : january/2023, Citation : 2023 Latest Caselaw 2 SC

HDFC Bank Ltd. & Ors. Vs. Union of India & Ors.

Judgement Date : september/2022, Citation : 2022 Latest Caselaw 792 SC

The Commissioner, Trade Tax, Uttar Pradesh Vs. M/s. Radico Khetan Ltd.

Judgement Date : september/2022, Citation : 2022 Latest Caselaw 735 SC

Securities and Exchange Board of India Vs. Rajkumar Nagpal

Judgement Date : august/2022, Citation : 2022 Latest Caselaw 679 SC

St. Mary's Education Society Vs. Rajendra Prasad Bhargava

Judgement Date : august/2022, Citation : 2022 Latest Caselaw 662 SC

Nedumpilli Finance Company Ltd. Vs. State of Kerala & Ors.

Judgement Date : may/2022, Citation : 2022 Latest Caselaw 412 SC

State of Maharashtra Vs. 63 Moons Technologies Ltd.

Judgement Date : april/2022, Citation : 2022 Latest Caselaw 349 SC

Noel Harper Vs. Union of India

Judgement Date : april/2022, Citation : 2022 Latest Caselaw 301 SC

Bank of Baroda Vs. MBL Infrastructures

Judgement Date : january/2022, Citation : 2022 Latest Caselaw 58 SC

Akshay N Patel Vs. Reserve Bank of India

Judgement Date : december/2021, Citation : 2021 Latest Caselaw 641 SC

SEPCO Electric Power Construction Corporation Vs. Power Mech Projects Ltd.

Judgement Date : august/2021, Citation : 2021 Latest Caselaw 347 SC

Union of India Vs. Rajendra N. Shah

Judgement Date : july/2021, Citation : 2021 Latest Caselaw 282 SC

Asset Reconstruction Company (India) Limited Vs. Bishal Jaiswal

Judgement Date : april/2021, Citation : 2021 Latest Caselaw 204 SC

Headnote :

The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, Section 13, along with the Insolvency and Bankruptcy Code, 2016, Section 7, and the Limitation Act, 1963, Section 18, addresses whether entries in balance sheets constitute an acknowledgment o...

Arun Kumar Jagatramka Vs. Jindal Steel and Power Ltd.

Judgement Date : march/2021, Citation : 2021 Latest Caselaw 143 SC

Headnote :

A. The Insolvency and Bankruptcy Code, 2016, Section 29A, and the Companies Act, 2013, Section 230 address the ineligibility of promoters to negotiate compromises with creditors. Section 29A was established to prevent individuals deemed ineligible from gaining access to the resolution process throug...

Gujarat Urja Vikas Nigam Ltd. Vs. Mr. Amit Gupta

Judgement Date : march/2021, Citation : 2021 Latest Caselaw 130 SC

Headnote :

The Insolvency and Bankruptcy Code of 2016, specifically Section 60(5), along with Sections 61(h), 62, and 86 of the Electricity Act of 2003, addresses the issue of staying the termination of a Power Purchase Agreement (PPA). The National Company Law Tribunal (NCLT) and the National Company Law Appe...

Amitabha Dasgupta Vs. United Bank of India

Judgement Date : february/2021, Citation : 2021 Latest Caselaw 84 SC

Headnote :

Section 148 of the Indian Contract Act, 1872.

The Mavilayi Service Cooperative Bank Ltd. Vs. Commissioner of Income Tax, Calicut

Judgement Date : january/2021, Citation : 2021 Latest Caselaw 17 SC

Headnote :

A. Under the Income Tax Act of 1961, specifically Sections 80P(2)(a)(i) and 80P(4), which pertain to Co-operative Societies and income deductions, it is established that the binding ratio of a judgment is determined by the legal principles it articulates, rather than the specific conclusions drawn f...

ARUNA OSWAL vs. PANKAJ OSWAL

Judgement Date : july/2020, Citation : 2020 Latest Caselaw 416 SC

Headnote :

CRUCIALThe determination of shareholding inheritance cannot be resolved in proceedings under sections 241/242 of the Companies Act before the NCLT.A. According to Section 72 of the Companies Act, 2013 - Shareholding - Nomination - Every security holder has the right to nominate an individual to whom...

PANDURANG GANPATI CHAUGULE vs. VISHWASRAO PATIL MURGUD SAHAKARI BANK LIMITED

Judgement Date : may/2020, Citation : 2020 Latest Caselaw 356 SC

Headnote :

CRUCIALThe recovery process outlined in Section 13 of the SARFAESI Act applies to Cooperative Banks.The Reserve Bank of India exercises significant and comprehensive control over primary credit societies engaged in banking activities.Co-operative banks, whether established under State legislation or...

STATE OF GUJARAT vs. MANSUKHBHAI KANJIBHAI SHAH

Judgement Date : april/2020, Citation : 2020 Latest Caselaw 342 SC

Headnote :

IMPORTANTThe term \"University\" includes \"Deemed University\" and is subject to the Prevention of Corruption Act.A. Under the Criminal Procedure Code, 1973, Section 227, and the Prevention of Corruption Act, 1988, Sections 7, 8, 10, and 13 (1)(b) and 13(2), along with the Indian Penal Code, 1860,...

INTERNET AND MOBILE ASSOCIATION OF INDIA vs. RESERVE BANK OF INDIA

Judgement Date : march/2020, Citation : 2020 Latest Caselaw 238 SC

Headnote :

IMPORTANTCryptocurrencies, also known as virtual currencies, are not recognized as legal tender; however, they can perform many of the functions of traditional currency.Cryptocurrencies can be classified under the category of \"other similar instruments\" as specified in Section 2(h) of FEMA, 1999.T...

ANUJ JAIN INTERIM RESOLUTION PROFESSIONAL FOR JAYPEE INFRATECH LIMITED vs. AXIS BANK LIMITED

Judgement Date : february/2020, Citation : 2020 Latest Caselaw 197 SC

Headnote :

CRUCIALBankruptcy - A corporate debtor is said to have given preference at the relevant time only when the dual conditions outlined in subsections 2 and 4 of Section 43 are met.Bankruptcy - The rules regarding preferential transactions, aimed at nullifying certain transactions, also impact the resol...

ANOKHILAL vs. STATE OF MADHYA PRADESH

Judgement Date : december/2019, Citation : 2019 Latest Caselaw 1302 SC

Headnote :

CRUCIALThe swift resolution of criminal trials is undoubtedly necessary; however, efforts to hasten the process must not compromise the fundamental principles of fairness and the rights of the accused.A. Indian Penal Code, 1860 Sections 302, 376 (2)(f), 363, 366, and 377; Constitution of India, 1950...

MUNICIPAL CORPORATION OF GREATER MUMBAI (MCGM) vs. ABHILASH LAL

Judgement Date : november/2019, Citation : 2019 Latest Caselaw 1114 SC

Headnote :

A. Under the Insolvency and Bankruptcy Code of 2016, Section 30, and the Mumbai Municipal Corporation Act of 1888, Section 92, the resolution plan\'s sustainability is in question. The Corporation had leased land to the corporate debtor for a period of 30 years for the purpose of constructing a hosp...

MANAGER THE MAHARASHTRA STATE COOPERATIVE BANK LTD. vs. FARMER BANK EMPLOYEES COOPERATIVE HOUSING SOCIETY LTD

Judgement Date : november/2019, Citation : 2019 Latest Caselaw 1104 SC

Headnote :

The Consumer Protection Act of 1986, Section 23, addresses the allotment of tenements and identifies a deficiency in service. It was determined that neither the respondent Society nor any of its members were involved in the initial allotment made to the appellant. The appellant carved out 16 plots f...

UNION OF INDIA vs. ASSOCIATION OF UNIFIED TELECOM SERVICE PROVIDERS OF INDIA

Judgement Date : october/2019, Citation : 2019 Latest Caselaw 1043 SC

Headnote :

A. Indian Telegraph Act, 1885 Section 4 - Recovery of License Fee: Interest and Penalty Imposition - The demand for the license fee was first made in 2003. Although the definition of gross revenue was clear, licensees initially contested its validity regarding the inclusion of certain items. The Cou...

THE AUTHORIZED OFFICER,INDIAN BANK vs. D. VISALAKSHI

Judgement Date : september/2019, Citation : 2019 Latest Caselaw 860 SC

Headnote :

Section 2(k) of the Criminal Procedure Code - Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.[Paragraph ]

State Bank of India Vs. P. Soupramaniane

Judgement Date : april/2019, Citation : 2019 Latest Caselaw 429 SC

Dharani Sugars and Chemicals Ltd. Vs. Union of India

Judgement Date : april/2019, Citation : 2019 Latest Caselaw 336 SC

State Bank of India Vs. V. Ramakrishnan & ANR. [August 14, 2018]

Judgement Date : august/2018, Citation : 2018 Latest Caselaw 547 SC

Chitra Sharma and Ors Vs. Union of India and Ors. [August 09, 2018]

Judgement Date : august/2018, Citation : 2018 Latest Caselaw 527 SC

Canara Bank Vs. N.G. Subbaraya Setty & ANR. [April 20, 2018]

Judgement Date : april/2018, Citation : 2018 Latest Caselaw 308 SC

ITC Limited Vs Blue Coast Hotels Ltd. & Ors. [MARCH 19, 2018]

Judgement Date : march/2018, Citation : 2018 Latest Caselaw 188 SC

Jayant Verma & Ors. Vs. Union of India & Ors. [February 16, 2018]

Judgement Date : february/2018, Citation : 2018 Latest Caselaw 117 SC

Vivek Narayan Sharma Vs. Union of India [16th December, 2016]

Judgement Date : december/2016, Citation : 2016 Latest Caselaw 929 SC

Commercial Tax Officer & Ors. Vs. State Bank of India & ANR. [November 8, 2016]

Judgement Date : november/2016, Citation : 2016 Latest Caselaw 786 SC

M/s. Madras Petrochem Ltd. & ANR. Vs. BIFR & Ors. [January 29, 2016]

Judgement Date : january/2016, Citation : 2016 Latest Caselaw 99 SC

Reserve Bank of India Vs. Jayantilal N. Mistry [December 16, 2015]

Judgement Date : december/2015, Citation : 2015 Latest Caselaw 835 SC

Soma Suresh Kumar Vs. Government of Andhra Pradesh & Ors. [September 12, 2013]

Judgement Date : september/2013, Citation : 2013 Latest Caselaw 640 SC

State of M.P. and Others Vs. Sanjay Nagayach and Others [May 16, 2013]

Judgement Date : may/2013, Citation : 2013 Latest Caselaw 394 SC

Bank of Maharashtra Vs. Pandurang Keshav Gorwardkar & Ors. [MAY 7, 2013]

Judgement Date : may/2013, Citation : 2013 Latest Caselaw 366 SC

Radhey Shyam Vs Union of India [September 26, 2012]

Judgement Date : september/2012, Citation : 2012 Latest Caselaw 538 SC

K.K. Baskaran Vs State rep. by its Secretary, Tamil Nadu & Ors.

Judgement Date : march/2011, Citation : 2011 Latest Caselaw 194 SC

Bharat Steel Tubes Limited Vs IFCI Limited Respondent (November 30, 2010)

Judgement Date : november/2010, Citation : 2010 Latest Caselaw 901 SC

Sudhir Shantilal Mehta Vs. C.B.I. [2009] INSC 1421 (7 August 2009)

Judgement Date : august/2009, Citation : 2009 Latest Caselaw 667 SC

Official Liquidator Vs. Dayananad & Ors. [2008] INSC 1860 (4 November 2008)

Judgement Date : november/2008, Citation : 2008 Latest Caselaw 951 SC

Federal Bank Ltd. Vs. Sagar Thomas & Ors [2003] INSC 486 (26 September 2003)

Judgement Date : september/2003, Citation : 2003 Latest Caselaw 480 SC

Allahabad Bank Vs. Canara Bank & ANR [2000] INSC 180 (4 April 2000)

Judgement Date : april/2000, Citation : 2000 Latest Caselaw 177 SC

N.M.Veerappa Vs. Canara Bank [1998] INSC 36 (27 January 1998)

Judgement Date : january/1998, Citation : 1998 Latest Caselaw 36 SC

Indian Bank Vs. K. Usha & ANR [1998] INSC 35 (26 January 1998)

Judgement Date : january/1998, Citation : 1998 Latest Caselaw 35 SC

B.O.I. Finance Ltd. Vs. The Custodian & Ors [1997] INSC 311 (19 March 1997)

Judgement Date : march/1997, Citation : 1997 Latest Caselaw 281 SC

Corporation Bank Vs. D.S. Godwa [1994] INSC 344 (20 June 1994)

Judgement Date : june/1994, Citation : 1994 Latest Caselaw 339 SC

Chairman, Canara Bank, Bangalore Vs. M. S. Jasra & Ors [1992] INSC 69 (6 March 1992)

Judgement Date : march/1992, Citation : 1992 Latest Caselaw 69 SC

Headnote :

Respondent No. I, a Banking Officer at the Reserve Bank of India, applied for the position of Assistant General Manager at Lakshmi Commercial Bank and was selected, joining in March 1983. In 1985, following an application from the Reserve Bank under Section 45(1) of the Banking Regulation Act, 1949,...

K.I. Shephard & Ors Vs. Union of India & Ors [1987] INSC 259 (18 September 1987)

Judgement Date : september/1987, Citation : 1987 Latest Caselaw 258 SC

Headnote :

The Hindustan Commercial Bank, the Bank of Cochin Ltd., and Lakshmi Commercial Bank were merged with Punjab National Bank, Canara Bank, and State Bank of India, respectively, under distinct schemes established in accordance with the Banking Regulation Act, 1949. As a result, 125 employees from these...

B.S. Yadav & ANR Vs. Chief Manager, Central Bank of India & Ors [1987] INSC 152 (5 May 1987)

Judgement Date : may/1987, Citation : 1987 Latest Caselaw 151 SC

Headnote :

Prior to the nationalization of banking companies, employees of the Central Bank of India Ltd. were allowed to serve until the age of 60, as stated in a circular dated March 11, 1969. Following nationalization, Section 12(2) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 19...

S. Guin & Ors Vs. Grindlays Bank Ltd. [1985] INSC 250 (11 December 1985)

Judgement Date : december/1985, Citation : 1985 Latest Caselaw 250 SC

Headnote :

The appellants faced prosecution under Section 341 of the Indian Penal Code and Section 36AD of the Banking Regulation Act of 1949, following a complaint lodged by the Operation Manager of the respondent-Bank in the Court of the Chief Metropolitan Magistrate. The complaint alleged that the appellant...

Cotton Corporation of India Vs. United Industrial Bank [1983] INSC 125 (19 September 1983)

Judgement Date : september/1983, Citation : 1983 Latest Caselaw 125 SC

Headnote :

A Branch Manager of the respondent-Bank co-accepted 16 usance bills totaling over Rs. 45 lakhs, which were related to cotton purchases made by a textile mill from the appellant-Corporation. When the usance bills became due, the Corporation requested payment from the Bank. In response, the Bank initi...

State Bank of Travancore Vs. Mohammed Mohammed Khan [1981] INSC 145 (21 August 1981)

Judgement Date : august/1981, Citation : 1981 Latest Caselaw 145 SC

Headnote :

The respondent maintained an overdraft account at the Erattupetta Branch of Kottayam Orient Bank Ltd., where he owed over Rs. 3000/- to the bank.This bank, classified as a \'Banking Company\' under the [Banking Regulation Act, 1949](https://www.latestlaws.com/bare-acts/central-acts-rules/banking-law...

Srinivasa Enterprises & Ors Vs. Union of India [1980] INSC 188 (24 September 1980)

Judgement Date : september/1980, Citation : 1980 Latest Caselaw 188 SC

Headnote :

Prize Chits are a form of savings scheme where the organizer collects contributions either as a lump sum or through monthly installments over a designated period from participants. At regular intervals, a draw is held for the numbers assigned to members with tickets or units, and the holder of the w...

State Bank of Travancore Vs. Goodland Plantations (P) Ltd. [1979] INSC 229 (7 November 1979)

Judgement Date : november/1979, Citation : 1979 Latest Caselaw 229 SC

Headnote :

The respondent company, a subscriber, was required to make monthly payments to a Chitty managed by the Orient Bank.The final installment was made on December 10, 1960, and the respondent was the winning bidder. The prize money was scheduled to be disbursed to the respondent on January 10, 1961. Howe...

Workmenof National & Grindlays Bank Ltd. Vs. The National & Grindlays Bank Ltd. [1976] INSC 5 (16 January 1976)

Judgement Date : january/1976, Citation : 1976 Latest Caselaw 5 SC

Headnote :

Following negotiations between the respondent-Bank and its employees (appellants), an industrial dispute regarding bonuses for the years 1956 to 1964 was resolved on an ad hoc basis. However, by the time this settlement occurred, the Payment of Bonus Act, 1965 had already come into effect. For the a...

State Bank of Travancore Vs. Elias Elias & Ors [1970] INSC 175 (4 September 1970)

Judgement Date : september/1970, Citation : 1970 Latest Caselaw 175 SC

Headnote :

The respondent was performing the role of a civil agent at a bank, fulfilling clerical duties and receiving a clerk\'s salary. Following a merger plan established by the Reserve Bank under section 45(4)(d)(ii) of the Banking Regulation Act, 1949, the bank merged with the State Bank of Travancore. Th...

Rustom Cavasjee Cooper Vs. Union of India [1970] INSC 18 (10 February 1970)

Judgement Date : february/1970, Citation : 1970 Latest Caselaw 18 SC

Headnote :

On July 19, 1964, the Acting President issued Ordinance 8 of 1969, utilizing the authority granted by clause (1) of Article 123 of the Constitution. This ordinance transferred the operations of 14 specified Commercial Banks, each holding deposits of at least fifty crores of rupees, to newly establis...