SATISH CHANDRA JAIN vs NATIONAL SMALL INDUSTRIES CORPN.LTD. — C.A. No. 6991/2001

Case under Section III-A. Status: Disposed.

Disposed

CNR: SCIN010196871999

Filing Date

03-Dec-1999

Registration No

C.A. No. 6991/2001

Diary Number

19687/1999

Order Date

04-Oct-2001

Document Type

ROP - of Main Case

Disposal Type

Dismissed

Last updated 12-Jun-2026

Acts & Sections

Section III-A

Petitioner(s)

  1. 1.SATISH CHANDRA JAIN

    Adv. BRIJ BHUSHAN

Respondent(s)

  1. 1.NATIONAL SMALL INDUSTRIES CORPN.LTD.

    Adv. TARUN JOHRI

Case History

  1. Case disposedDisposed

  2. 04-Oct-2001

    ROP - of Main CaseView PDF

  3. 03-Dec-1999

    Case filed

    Registration No. C.A. No. 6991/2001

View Full Judgment
casestatus.in Summary

Case Summary: Satish Chandra Jain v. National Small Industries Corporation Ltd. Outcome: The Supreme Court allowed the appeal on October 4, 2001, setting aside the High Court's judgment and quashing the Certificate of Recovery insofar as it included the appellant's property (House No. 191A, Saket, Meerut). The Court found that when the hire-purchase agreement was novated in April 1986 with new guarantors (Rajiv Jain and Ajit Prasad Jain), the appellant's original guarantee from June 1983 was discharged, and the respondent's conduct—by not impleading him in the subsequent suit and not naming him in the Recovery Certificate—confirmed he was no longer considered a guarantor. No costs awarded. This case analysis is maintained by casestatus.in based on publicly available court records.

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