Dismissed
M/s Vardhushi Associates v. Syndicate Bank
Andhra Pradesh HCWP/16176/2019
Case brief
AI extract
What is this about?
A writ petition under Article 226 seeking quashing of criminal proceedings was dismissed. The Court held that the existence of an alternative remedy under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 precluded entertaining the writ petition.
What did the court decide?
Writ Petition dismissed with liberty to avail alternative remedy under the Securitisation Act, 2002.