Modern Steel Traders v. Canara Bank

DRT22 Dec 2023SA/676/2022

A compact analysis

This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.

GONTD. ORDER.SHEET

PAGE No

CASE ilo

DATE DESCRIPTION OF THE ORDER	REMARK
.676 2022
22 2.2023^{3Tr-n{o qeT}dftq^8ftdltqr+6r ffi sTfuq-ffrt sf,{qrfr^qsTdfuqfr^qlqfrqAfud 3Tfus-ffrI 1.BrrrrsHoi ffiil{^3nnfieIr{.q. 2t2o/2023fu{io'^{2s.10.2022,fumqeFII} sTr-a-fi 607/2023fuiro20.02.2023vs TeIrTqoTlil{q212j/2022ffi1q^zs.to.zOzz qrE-{r rrqrtI
2.^{grFlTr.Dr 3ls-f,Yo.-{}ffifl^r-qrt^t 3.^GTrilq-orTeT6RIft{;6^to.oe.2o22d ErnIi7(1)HiSffi\r@2oo2dcrqErn)d trf,^{qEq-owr-ifuq++,eTltr[cq}{fil dsrprffi q+{re-sTq-rft{16ro.oz. 2oz2d^sIqrKTfrtn^qfio1v-ar+otfu u-EoorfrEB^{ea-q3r{sTFrosuqorqrfr} .ritt
4.sTli<-o^qelgMgsq6wrddkf, rdi+sYtneTc{o-nf,c{fiqrsers^qm r+stffiv€2oo2dstr(^qlfudftti TnGil-t{ri{qroro.to.zozzd^g-+frtitg trftrlsnilfirqofuur^.rqtt,sreTfr gseil-tcrrTfrq-firsrFrf,froiwitg Tsrrrqsr-ifirtgofu-q^.rqrtt
s.oTffq-o^rTeTgr-gtftfl-ozo.oz.zozso) €IRT5^qqlqrorEftqqdtrnf+oqerqr 3r-a-fieTr{.g.ooz,/2023trqdorfr-.r qn+r, srrEqs qa-+dfrv-q^ttn+-rrrtrqf,o{t dgvl+a<o\encr fu-qr^rrqrtr trTitgsr-g-tq

¶5

GONTD. ORDER.SHEET

¶6

PAGE NO

¶7

CASE No

Modern Steel Traders versus Canara Bank — DRT (2023) — LawSathi Research

¶8

DATE DESCRIPTIONOFTHE ORDE 6 TQIII=T3Trilfivs^{trf,qflrllffi{o-t} get-f,-Yarfi^q-{Htrqf,^fu-qrqIT6.I^tI 7.lrsrrKT:^{sTln{f,ceTatt tu-qo} frdTnfuflq^{erqrgrfffisr-9.9.oozlzozs} ft{16^zo.oz.2o23\is'fl.q.^o1Trfldrd lagwfr-fl^fu-flqr{6rtl 8.sir+q-o.^qeTd^{gr*rtrqf,fu-} .r}} qffi qfrrIqtl{rRrim0s.04.2021 1qi@r^q/3)\iqffi q+rft{roztot' 2022(tffi /4)'s^ffi o.l-ffi ft{lozr.oz.2o22\s^ffi q++fuiro 16.07.2022,ffi ftfu fu{i6^17.08.2022 (qt@{/1o),iqr^{rorcmof qfr}1q-t@1 ,/4)vs^{qq-st-f,r3rfffi3Tlfta1qM} rqoof^.r$t'r^{s-m-{qrfr ceil}fltr^trqf, sTffitnolrEv-e^q++futio^12.11.2021 at^{qfr('i@1srtt/2)rio'ct t}
e.G[tn(6^{ceTi {.flffiqfire-{Tcl-q} ftqffito.oz.zozz,ffi ftfUkqio^tz.os' 2oz2dTrYfiti^{gqft-{ioto.os.zozzo}} w-rur[qf,^{fr,-ql,slaf([Kntrdffi} orffifr{;5^{tz.oe.zozzd fqqqd tr6{ur} Hqqffqr^q+6i^gil{r$tgfl+q'm' frrg^{ts-ffi-t_qrftceTgmc-dd q\TcA r{} urqoffid^3i-5sl{ffi Wr<r^fuiro 16.07.2022d^{GTIEINqtfrErfRflolT$} ffi 6tffitr{io^{17.08.2022fusd} 31rnqi^GNrrrErd^.r$t,^elQridffi qil{r frFirorc.07.2022^{sIrRd-s-$-{E\qri t} ffi olffift{;6^{tz.oa.zozzd frq-qrt} qffiT$sdr{rdlsis^qlrffidr^{g+tB t}

DATE
DESCRIPTIONOFTHE ORDE
6
TQIII=T3Trilfivs^{trf,qflrllffi{o-t}
get-f,-Yarfi^q-{Htrqf,^fu-qrqIT6.I^tI
7.lrsrrKT:^{sTln{f,ceTatt tu-qo}
frdTnfuflq^{erqrgrfffisr-9.9.oozlzozs}
ft{16^zo.oz.2o23\is'fl.q.^o1Trfldrd
lagwfr-fl^fu-flqr{6rtl
8.sir+q-o.^qeTd^{gr*rtrqf,fu-} .r}}
qffi
qfrrIqtl{rRrim0s.04.2021
1qi@r^q/3)\iqffi
q+rft{roztot'
2022(tffi /4)'s^ffi
o.l-ffi
ft{lozr.oz.2o22\s^ffi
q++fuiro
16.07.2022,ffi
ftfu fu{i6^17.08.2022
(qt@{/1o),iqr^{rorcmof qfr}1q-t@1
,/4)vs^{qq-st-f,r3rfffi3Tlfta1qM}
rqoof^.r$t'r^{s-m-{qrfr ceil}fltr^trqf,
sTffitnolrEv-e^q++futio^12.11.2021
at^{qfr('i@1srtt/2)rio'ct t}

e.G[tn(6^{ceTi {.flffiqfire-{Tcl-q}
ftqffito.oz.zozz,ffi
ftfUkqio^tz.os'
2oz2dTrYfiti^{gqft-{ioto.os.zozzo}}
w-rur[qf,^{fr,-ql,slaf([Kntrdffi}
orffifr{;5^{tz.oe.zozzd fqqqd tr6{ur}
Hqqffqr^q+6i^gil{r$tgfl+q'm'
frrg^{ts-ffi-t_qrftceTgmc-dd q\TcA r{}
urqoffid^3i-5sl{ffi
Wr<r^fuiro
16.07.2022d^{GTIEINqtfrErfRflolT$}
ffi
6tffitr{io^{17.08.2022fusd}
31rnqi^GNrrrErd^.r$t,^elQridffi
qil{r
frFirorc.07.2022^{sIrRd-s-$-{E\qri t}
ffi olffift{;6^{tz.oa.zozzd frq-qrt}
qffiT$sdr{rdlsis^qlrffidr^{g+tB t}

¶13

DESCRIPTIONOFTHE ORDER DATE	REMARK
{s 17.08.2022 c{qrd oTid<-6^qeTo-t^qErsxtr^qrf,fr-q{dfl^gq slrErsqq{l^tnt3TqrkTfrt}^qdo1 {rdrirf,Itgts{E^qrdrt^I
10.^trnl17^(1)q1+ffiV€^{2oo2d 3iilIfd} elM13(+)eero^qrtl14^qt+m$rd2oo2 o1olffi tsccqsK6ltq^qt45frq-s d3i(itro{qc-Ef,e}qr^3r-qr{fit,^dqq ffi {d{t^{fuiro1o.07.2022t ssqqrs} onqfuilo17.08.2022^qttffi at orssEcTrd^qreTfrsqrwd^gort,^ac{d e-o-tq^qm13⁽⁺⁾sacBf,^sNTI^(1)d ffi nF-aGTIETflq++d^sTIENqt ts-f,l=Igq^qr(?D'Nuld'^}FF'RIfi^sTrt erMfuofut^qddr.qt^ol%nr$t,^qd ftguerro:ftrro-rur^zf'qt^t
11.sf,{qrfrsH^gKrtrqf,^(drq-q (q=imisTR/z),sTrBqsqailftqi6^rz.rr. zozrtdqtrdt,d^{otfusrsTfl-crft41} siltnG-dfrti^.rigsiftq^tssq qI(or*qdfrqqt28^q-$2022d-o qmfi-qsqilq -qlqldq tEf{wftcr ftftrd^q-omt^IrDwIlrq(^o-sio1sqq frcronil{fi^qeTo)^sqf,eTS,^fu-gua nosqftirofi.08.2022o<sup>u-qf, frtqrrnn t,dI^sTlfuqsW+crfuiro^12.i1z021d frsq^tivarrlEqqI^erqBeIEf,t^t
12.3ril{6^{qel g[tT}Xaurile<^dqprfrq qtnrG3nftTflq++o\3rtifudfrtn qritge,F{uTtrqd o-{inglfuo< ot or$erfuowr€lfuq.*,fusq^er{r sr-il{qu-qor€lfu-qr^{rrqr,qfuoTlilfi}ot

¶17

DATE DESCRIPTIONOFTHE ORDER flil
q;sor 4 e-s-rursrqfrfldoiw+{r sTft-oprqo-Ggvsnd-qcrgofuur.rw, E-{fuEIIrr13(+)Ht+ffi-re2oo2d sic.tdvcrqrfrd-o3rQryrffiq\4tenEnT of^qr+srffc-df,ffi tsar^qrs tr'rgurBRrqE)-drt,ftrterqqrq6t-{qd vrprsrtfu-o^q-frfu-qrwq-s-f,r,erertf, GTlfuc-iqq++rtEite{ qKorcutse=r gsTrtsicrqm{tr+fl.fi{T{ryoEria qr(6'nqt,a-qqTteo.ceTdloq16 smrcq?heTIo1fr.rq++rourfuv-eqa-+ o)slcrwfrti qritg "T-e^T{s-6Tq-dT+ frqq^qs-firurGi-sBErBf,+tqqlddq erqrsTrtfidqrq sfuoorrqffn{firrgr d-il, fu-g3nil<-o.certqrrqifusq, frri^qfifuof$orrl<qnqdq-€ttu-n, fugn-qvrurooTrnffi cei Enrfrqio'zo.oz. zozsd^qRr5TqfEToTfuFqqdsiil.la oil-iccn*gdfuqt.rqrt,ffi fltqqt sTrcfum.r$tofGil-a-{o.qao)frq gu-+,erBv-e qa-+o1arffiTSo-{rfi .r$gqsnilq-ficelvfiTRTrrilr1-{g-wrq
nqofour,fu-gB-<irqTfrtoamficnfi Wq+^noftroorfr^.r$gsErnr14wtrS g€dst-d,idor-tpTqrwoqfuflr[q1{S silErRcrfuoqerqrfrrdqdorerEtu fu-qrrqTt^qRsTrteocfrTf,eTrtscrtrd ovtsqqqqoer+tdsrpTfu6qerqr 3rifirqnfuur*or,e-c,3tril{6seToT qqnErqrfu{'fl;ilqrar,fu-Ssqfufr6 1s.02.202ao)s-crqrfrceTERr{d3il-a-fi crqB^qrEfld.iqfrsrrcfuqdo-{IfiG
, f,qft{io20.02.2023oieniroqer o

¶22

DATE	OESCRIPTION OF THE ORDER	REMARK
	e-qf,fuqr^rrqlt{f,qflqrfr{fi^srEd slqsrffix^q-{r}Tn^entrxlw[q(^fuqI rIqTrlt=lTqrtnt 13.srrETgqil{rofilffidvn"it^t q6dPiIn-qfrsrsotqor,wqffiqftqrA Giflstrrulry(fo-qrrqT+dI,fuE go-rurs[qfrsrfuat,mIgeprT:ffiq aPqtfu^"EqrqNTs^{qqt<r eTfuft{q6'r} srtififfifl-rfu-qr^qrs+-ort"t 14.^qaao^ql-{I5^{qqf<T3TEftqqot} srdfqdro-l I11;rtt^qr;rftq@Krq alf{El-qtrRI^{qufq TT<T}ftsa trq⁽²⁰16)14 'fl.fr.fr.er+tcffi{d^31ftq66 3A-5Hri {f,^{srtiqafrqrsrs nqtcr3{frfu{qd} srqErFrcr-fwc-€ttt^r 15.^g{l$qreTfr^{qrTfiqBzEkl-rl -qtqtdq} daRI eisrfiSls^gfrffirrSitt ^crg-Sq frMqfiftird +dfrstriqqMde^Oooa) 7Vs.fr.fr.rog^qcffi{d^sTftqf,d^q-6T{r frfrfrsGrEfu{cdffncffi{n^ft$Is srqftqrdH-<dfr Tqffl^31fuftqqrsoe of^qrrsd^{qrqrqg.q-dqGTq-qftfd}dr^qrd t\rq^q-qmq@1frts^{GTEftqqd trf,} yrqtrTkdsqqfttroIffia o-{iot eTffinrc-€tEYfrt
	16.erq^q6rffF^qNIrz^(r)wtffi'{e zoozdsiir.f-drqoelisrde-o-i"ili^qmr sofcrqlqflr o'rcrct,{sfrsq^fr rtrfi-q.JEKrq^a[iIIEfiIgMfl-rt{-odq Tgf{r,tisnqffs-d wrr{fr ararq$-trq
	tu vrgte ftfr&frft-nsTftdaqt6
	ftulq ft{rof.os.zo22 szco/zozz
	O,o,/

¶26

DATE	DESCRIPTIONOFTHE ORDER ql{Ee1f,2022o*.fr.rfr.sfr'+or{q1006oT
	oBorrrsirz^qofTi^qrslTdergwx rrTrT5{qffloTEftqqd^qrqEr-{rqtwag tt^gsdrnerfrEms<dt^qr+ftqrrrs rg1aIFnElqSfrs,rsfi6ErqItf,lt iifrffir Td^ydtefrfr&frsa
	slertrf,w sTrfuwEtrg+{tooi-*qsq1,ti
	srq^qlfuolE-qtos12f1 2018^qCrfud
	o[rt{rf{+d,o5.oe.2o1e qlirfiqiDTITF-f,I
	w[^qrqrtrgo1^q,rsfi-ddEr-{rsrtrfl
	oqRlqdvd+cfafr& YS3il-drf{s.q
	iDFT;ITT(E.Tff fi.=iGn SIAI
	1si/2oosdcrtr(sTrtqrfrqio.30.04.2010
	qrq-qEif,2o1o\q.fr.fr.ffi dr{c
	iDTriDGrT1361lticmftqd-rdrBEI
	Rrrfld-rrdgm dfi.qrrqo.tqffid6rsfl
	qqEil3Iq3TT3TFIFDETT ft-t.qEirrotrrsi fftffirolfrt{qfufr&zors 'fl.fr.fr. dqddqdtarzszzzGl-s-d\o.fut,ffi qrtqqtq6frfuErerTEd01T{tfu'qnr rz(r)w+hfr^gqe2oo2dsffnrqneli qrdc-flqtqmsqqislsTEftqqd srqErFrErr[T€tE\tI
	17.ES^q-{,+itqmftqwkrr^qlqlf,q
	Erqrsffiro}-sTrqtEq ^q,r*+niilsr{ra
	ftft&ffi6-drfiqO.M^(zors)e^gs.
	fr.fr.+rz^ticffi{f,oTftqddergvn
	sqqfrcr orcc=T^qr{nrliro1 efunrfuorot
	Tqrfuf,o-Eort,oTQrtf,Gi-qDerBf,[fi-{or ,ldfrfl+teftqa gMsrrqfuqfrT$d, rqfrg'TElqwr€tg+uiTrrndr t^q€Tfr
	{s^{c-s-rurfrsorqrfrcer}ENr^Gil'qfufrA Gtt

¶31

DESCRIPTIONOFTHE ORDER DATE 18. tD-T cftfiq^q-qsrfuo-ruroTM t01^GIrn{6 qerERrtrq(qRr5Tqr{I3]fufu{q3Tdq. 607/202sfrirozo.oz.zozsffi qt'q TStt,srarlosTril<o^qeTEir{^eilEqcqWqcr ft{16rz.rr.2o21dsraTfr-rrr[f,{rR=irf, 0s.04.2021o)erqrwfrti^qfiof^q-ar+or fu^{rqos-6-{orcr+ftqrBat gscrsrf,s-ff} sKol-{qffi qa+ fuiro$.07.2022d frqq^itnosqftw'adgott,^olQrff, 3Tril{f,^qe{gMrqdvs.q.676/2022sts o-xqcFf,\d^q-qEqIRf,+id^eTItrRw gfr mrqrftrwfrtt^qrifiqBI 19.trErFr-Sq3TIil{{.Cfl^gl-{IU-qO^i+O< effirsnnfien$.g.oozlzozofu{K^fu-qr qrort,qrerfrsil-ilq-ocflgRIe-qdgs.q. 676/2022^q-qfuErBdftErfR-do-ti^gq fr(Kfrrqr^qrortt	REMARK
zo.3Tl-il{6^{rlelTgNIgflg?Drul}t^eiw fu-dT^{qfufe.tqrognr}crRd^sr-tflfurio 1o.1o.zoz2dg+fttitgftiro^zs.to. zozzdrHEr{^sTrilfiu-ga fourtt{fu q55ffi-flq-qBqrkdttgsonqYfl stnwrdsr-iEosflE[qtIrcdtrffi sriff{yrdvwgiur-ifr'qc-Stt{fl cRfuThdc-mTilfi^sTffq-{cen^qioIT{ o-i€{^ritcf,arrcrR-dsr-tclft{14to.to. zozzdoTrs}fudfrtn^qdtgwwfiqror uTHrctggYarotrorqY-Edo-{isfr ffitTflrc-fl-qof^qrftB,oqents-6ceT{fl {icinr-{sil-a-fid^qttqqtB-drnTtHq"f srffi\qerrrcail-a-fid^qrtqqts-dt-i .rioeqtor o-qsdql

DESCRIPTIONOFTHE ORDER
DATE
18.
tD-T
cftfiq^q-qsrfuo-ruroTM t01^GIrn{6
qerERrtrq(qRr5Tqr{I3]fufu{q3Tdq.
607/202sfrirozo.oz.zozsffi
qt'q
TStt,srarlosTril<o^qeTEir{^eilEqcqWqcr
ft{16rz.rr.2o21dsraTfr-rrr[f,{rR=irf,
0s.04.2021o)erqrwfrti^qfiof^q-ar+or
fu^{rqos-6-{orcr+ftqrBat gscrsrf,s-ff}
sKol-{qffi
qa+ fuiro$.07.2022d
frqq^itnosqftw'adgott,^olQrff,
3Tril{f,^qe{gMrqdvs.q.676/2022sts
o-xqcFf,\d^q-qEqIRf,+id^eTItrRw
gfr mrqrftrwfrtt^qrifiqBI
19.trErFr-Sq3TIil{{.Cfl^gl-{IU-qO^i+O<
effirsnnfien$.g.oozlzozofu{K^fu-qr
qrort,qrerfrsil-ilq-ocflgRIe-qdgs.q.
676/2022^q-qfuErBdftErfR-do-ti^gq
fr(Kfrrqr^qrortt

REMARK

zo.3Tl-il{6^{rlelTgNIgflg?Drul}t^eiw
fu-dT^{qfufe.tqrognr}crRd^sr-tflfurio
1o.1o.zoz2dg+fttitgftiro^zs.to.
zozzdrHEr{^sTrilfiu-ga fourtt{fu
q55ffi-flq-qBqrkdttgsonqYfl
stnwrdsr-iEosflE[qtIrcdtrffi
sriff{yrdvwgiur-ifr'qc-Stt{fl
cRfuThdc-mTilfi^sTffq-{cen^qioIT{
o-i€{^ritcf,arrcrR-dsr-tclft{14to.to.
zozzdoTrs}fudfrtn^qdtgwwfiqror
uTHrctggYarotrorqY-Edo-{isfr
ffitTflrc-fl-qof^qrftB,oqents-6ceT{fl
{icinr-{sil-a-fid^qttqqtB-drnTtHq"f
srffi\qerrrcail-a-fid^qrtqqts-dt-i
.rioeqtor
o-qsdql

DATE	DESCRIPT]ON OF THE ORDER	REI'ARK
	21.Bqq^geT3Trl=II-3rFil^qqqE{OttI
	22.^qRqHqdfuqruTFh{}rrnwr eTftdqFrrngrf$d Tsr^qriI ffi{sTffi S.em.O(r.v.voEd=srd)

Modern Steel Traders v. Canara Bank

A compact analysis

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Modern Steel Traders v. Canara Bank

A compact analysis

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