SHRI SHRI SWAMI SAMARTH CONSTRUCTION AND FINANCE SOLUTION v. THE BOARD OF DIRECTORS OF NKGSB CO-OP. BANK LTD.
This case addresses the interplay between the SARFAESI Act and the MSME Development Act, focusing on the obligations of banks and MSMEs regarding loan defaults and revival frameworks. The Supreme Court dismissed the writ petition, finding no grounds for interference.
Case Details
- Case Name: SHRI SHRI SWAMI SAMARTH CONSTRUCTION AND FINANCE SOLUTION v. THE BOARD OF DIRECTORS OF NKGSB CO-OP. BANK LTD.
- Citation: 2025 INSC 908
- Court: Supreme Court of India
- Decision Date: 28-07-2025
- List of Laws: Constitution of India, 1949; Micro, Small and Medium Enterprises Development Act, 2006; Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act); General Principles of Law