Smt. Kusum v. General Manager Uco Bank Zonal Office Kanpur Nagar and Another
SARFAESI Act, 2002 – Section 13(2) demand notice dated 03.01.2022
Case brief
What is this about?
Allahabad High Court, WRIT - C No. 7224 of 2022, decided 07.06.2022 by Hon'ble Manoj Kumar Gupta, J. and Hon'ble Chandra Kumar Rai, J. Petitioner: Smt. Kusum; Respondents: General Manager, UCO Bank Zonal Office Kanpur Nagar and another (Branch Manager/Authorized Officer). Subject: notice dated 03.01.2022 under Section 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002; prayer for acceptance of Rs. 30,00,528.35/- in installments; disposed of after the bank stated the account was no longer NPA and it did not intend to pursue the notice; liberty reserved to deposit any balance. No precedent relied upon.
What did the court decide?
No mandamus issued; writ petition disposed of on the basis of the respondent-bank's statement, with liberty to the petitioner to approach the Bank and deposit any balance amount still payable.