The disputed vehicle has to be released in favour of SREI Equipment Finance Ltd - SREI Equipment Finance Ltd V/s Ramjan Ali & ORS.

Last updated: 12 January 2021

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The Supreme Court has ruled in favour of SREI Equipment Finance Ltd concerning a disputed JCB vehicle. The High Court had previously ordered the release of the vehicle to the respondent. SREI Equipment Finance Ltd, having financed the purchase of the JCB machine under an agreement with the original owner, appealed this decision.

Court :
Supreme Court of India

Brief :
This appeal has been filed challenging thejudgment dated 28.01.2020 of High Court of Judicatureat Allahabad, Lucknow Bench allowing the applicationunder Section 482 Cr.P.C. filed by respondent No.1. By impugned judgment, High Court has directed forrelease of vehicle JCB No.UP 51 AT 5709 in favour ofthe respondent No.1. The appellant, who was respondent No.3 before the High court aggrieved by the judgment has come up in this appeal.

Citation :
CRIMINAL APPEAL NO. 6 of 2021

Daily Limit Reached