This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
FIR Set Aside Because Loan Default Lacked Entrustment: Supreme Court Bars Criminalising Commercial Disputes
Case Law Details
- Case Name
- Sunil Sharma Vs Hero Fincorp Limited & Another (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Sunil Sharma Vs Hero Fincorp Limited & Another (Supreme Court of India)
Loan Default & Contract Breach Not Criminal Breach of Trust -No Entrustment, No Mens Rea- Supreme Court Stops Criminalisation of Commercial Loan Disputes
Background & Loans
Appellant was Director of Benlon India Ltd.
Hero Fincorp gave three loans:
₹12.25 cr (24-10-2014)
₹10 cr (06-02-2015)
₹15 cr (10-02-2016)
Machinery purchased using first two loans; major fire on 02-03-2016 destroyed machinery worth ₹180 cr.
Third loan of ₹15 cr (25-02-2016) was converted into unsecured / corporate loan — Her...
Author Info
