Disposed
Smt. Tasneem Akhtar and Another v. State of U.P. and 2 Others
Allahabad HCWRIC/963/2023
Case brief
AI extract
What is this about?
In a writ petition challenging a notice under Section 13(2) of the SARFAESI Act, the Court accepted the parties' agreement for installment repayment. Petitioners were directed to deposit 25% immediately, with the balance cleared in two installments within six months. Default would revive the Bank's rights. The petition was disposed accordingly.
What did the court decide?
Directions to deposit 25% within one month, remaining balance in two installments over six months; default revives Bank's rights.