M/S PRO KNITSversusTHE BOARD OF DIRECTORS OF CANARA BANK & ORS.
Case No.: CIVIL APPEAL No. 8332/2024
Decision Date: 01-08-2024
Disposal: Appeal(s) allowed
Neutral Citation: 2024INSC565

BELA M. TRIVEDI*, R MAHADEVAN Issue for Consideration Whether the Notification dated 29.05.2015 issued by the Central Government in exercise of the powers conferred under Section 9 of the Micro, Small and Medium Enterprises Development Act, 2006, containing Instructions for the “Framework for Revival and Rehabilitation Medium Enterprises” as revised from time to time, is mandatory or directory. Headnotes† Micro, Small and Medium Enterprises Development Act, 2006 – ss.9, 10 – The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 

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