NATIONAL LTD. v. UNION INDIA
Supreme Court of IndiaMA- 000995 - 2019Bench: Justice Bela M. Trivedi, Justice Satish Chandra Sharma
The Maharashtra Protection of Interest of Depositors (MPID) Act takes precedence over the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act and the Recovery of Debts and Bankruptcy (RDB) Act, as the MPID Act is validly enacted under the State List.