Judgment briefs
Supreme Court of India

National Spot Exchange Limited v. Union of India & Ors.

Whether the Secured creditors would have priority of interest over the assets attached under the Provisions of Prevention of Money Laundering Act,…

Court
Supreme Court of India
Decided
14 May 2025
Citation
[2025] 7 S.C.R. 252
Case no.
No. 995/2019
Bench
Bela M. Trivedi, Satish Chandra Sharma

Issue for consideration

Whether the Secured creditors would have priority of interest over the assets attached under the Provisions of Prevention of Money Laundering Act, 2002, (PMLA) and Maharashtra Protection of Investors and Depositors Act, 1999 (MPID Act), by virtue of the provisions and RDB Act, 1993; whether the properties of the Judgment Debtors and Garnishees attached under the Provisions of MPID Act, 1999 would be available for the execution of the decrees against Judgment Debtors in view of the Provision of Moratorium under Section 14 of the IBC, 2016.

Judgment PDF: National Spot Exchange Limited v. Union of India & Ors.
AI judgment summary Incoming

Source: Indian Supreme Court Judgments dataset, AWS Open Data, CC BY 4.0. A brief, not legal advice — read the judgment itself before relying on it.

More from the Supreme Court of India

  1. [2026] 10 S.C.R. 295Service law and pensionary benefits – Claim ofSupreme Court AllowedChhaganbhai Kohyabhai Pateliya and Others v. The State of Gujarat and Others
  2. [2026] 10 S.C.R. 277Tax/Taxation – M.P. Commercial Tax Act, 1994 – Entry Tax Act 1976Supreme Court DismissedAddl. Commr. Commercial Tax & Ors. v. Cadila Health Care Ltd. & Anr.
  3. [2026] 10 S.C.R. 289Code of Criminal Procedure, 1973 – s.482 – Quashing of criminal proceedings arising assaultSupreme Court AllowedSachin Gupta v. The State of Chhattisgarh and Anr.
  4. [2026] 10 S.C.R. 259Circumstantial Evidence – Conviction solely on the basis of, when not justifiedSupreme Court AllowedSantosh Gurung v. State of Sikkim