STATE BANK OF INDIA REP BY ITS CHAIRMAN vs METTA CHANDRA SEKHAR RAO AND ORS — C.A. No. 17372/2017
Case under Section III-A. Status: DISPOSED.
CNR: SCIN010357812016
Filing Date
21-10-2016 04:31 PM
Registration No
C.A. No. 017372 / 2017
Diary Number
35781/2016
Order Date
30-10-2017
Document Type
Judgement
Neutral Citation
2017 INSC 1061
Disposal Type
Leave Granted & Allowed
Acts & Sections
Petitioner(s)
STATE BANK OF INDIA REP BY ITS CHAIRMAN
Adv. SANJAY KAPUR
Respondent(s)
METTA CHANDRA SEKHAR RAO AND ORS
Adv. ABHIJIT SENGUPTA SADINENI RAVI KUMAR[R-3] [Pr]
Hearing History
Judge: HON'BLE MR. JUSTICE RANJAN GOGOI and HON'BLE MR. JUSTICE NAVIN SINHA
Fixed Date by Court
Fixed Date by Court
Fixed Date by Court
| Date | Purpose |
|---|---|
| 30-10-2017 | Fixed Date by Court |
| 24-10-2017 | Fixed Date by Court |
| 20-09-2017 | Fixed Date by Court |
Orders in this case
The Supreme Court allowed State Bank of India's appeal and overturned the High Court's order that had invalidated a property sale. The High Court had set aside the sale proceedings and certificate, holding the mortgage invalid because the mortgagor's waiver of statutory rights lacked registration. The Supreme Court found this unjustified, reasoning that the mortgage validity issue was raised belatedly for the first time before the High Court, the mortgage had been acted upon to sanction the loan, and the innocent auction purchaser had possessed the property since March 2016 and invested substantially in renovations. This case analysis is maintained by casestatus.in based on publicly available court records.
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