BANK OF INDIA vs ABHAY D. NAROTTAM — C.A. No. 2156/1996

Case under Section III. Status: Disposed.

Disposed

CNR: SCIN010145821995

Filing Date

15-Jan-1996

Registration No

C.A. No. 2156/1996

Diary Number

14582/1995

Order Date

03-May-2005

Document Type

ROP - of Main Case

Disposal Type

Dismissed

Last updated 07-Jun-2026

Acts & Sections

Section III

Petitioner(s)

  1. 1.BANK OF INDIA

    Adv. K. J. JOHN (Dead / Retired / Elevated)

Respondent(s)

  1. 1.ABHAY D. NAROTTAM

Case History

  1. Case disposedDisposed

  2. 03-May-2005

    ROP - of Main CaseView PDF

  3. 15-Jan-1996

    Case filed

    Registration No. C.A. No. 2156/1996

View Full Judgment
casestatus.in Summary

Summary: The Supreme Court dismissed Bank of India's appeal challenging its claim to a prior charge over two properties (a flat in Mumbai and land at Anjaneri) belonging to the respondent company. The Court held that neither property constituted valid security: regarding the flat, a mere agreement for sale does not create any interest or charge under Section 54 of the Transfer of Property Act; regarding the land, a mere undertaking to create a mortgage is insufficient to create any interest in immovable property. The related appeal (CA 2157/1996) was also dismissed as a consequence. This case analysis is maintained by casestatus.in based on publicly available court records.

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