Disposed
Premvati and Another v. State of U.P. and Another
Allahabad HCWRIC/1953/2023
Case brief
AI extract
What is this about?
This court disposed of a writ petition challenging a recovery notice issued under the SARFAESI Act. The petitioners and the Bank reached an agreement to pay dues in installments, leading to the discharge of the petition pending performance.
What did the court decide?
Ordered deposit of 25% within one month and remaining in two installments over next five months; petition discharged upon agreement; automatic discharge allowed default.