ASSET RECONSTRUCTION CO.(I) LTD. vs PANORAMA BUILDERS PVT. LTD. . — SLP(C) No. 11851/2005

Case under Section III-B. Status: Disposed.

Disposed

CNR: SCIN010111062005

Filing Date

16-May-2005

Registration No

SLP(C) No. 11851/2005

Diary Number

11106/2005

Order Date

06-Jan-2006

Document Type

ROP - of Main Case

Disposal Type

Dismissed

Last updated 25-Jun-2026

Acts & Sections

Section III-B

Petitioner(s)

  1. 1.ASSET RECONSTRUCTION CO.(I) LTD.

Respondent(s)

  1. 1.PANORAMA BUILDERS PVT. LTD. .

Case History

  1. Case disposedDisposed

  2. 06-Jan-2006

    ROP - of Main CaseView PDF

  3. 06-Jun-2005

    ROP - of Main CaseView PDF

  4. 19-May-2005

    ROP - of Main CaseView PDF

  5. 16-May-2005

    Case filed

    Registration No. SLP(C) No. 11851/2005

View Full Judgment
casestatus.in Summary

Case Summary: SLP(C) No. 011851/2005 - ASSET RECONSTRUCTION CO.(I) LTD. v. PANORAMA BUILDERS PVT. LTD. On 06/01/2006, the Supreme Court heard Asset Reconstruction Co.'s special leave petition challenging the Gujarat High Court's order. The petitioner contended that the High Court's paragraph 17 had jeopardized State Bank of India's right to participate in property sale proceeds. The Court ruled that the High Court's observation merely addressed whether notice was required under Chapter XXC of the Income Tax Act, 1961, and did not affect SBI's substantive rights to sale proceeds. The petition was disposed of, with parties' rights to continue being governed by a consent order dated 01/11/1999 filed before the Debt Recovery Tribunal, Ahmedabad. This case analysis is maintained by casestatus.in based on publicly available court records.

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