Dismissed
Arya Agrotech Food Processing Pvt. Ltd. v. the State Bank of India, through Bank Branch Manager and Anr.
Bombay HCWP/2839/2014
Case brief
AI extract
What is this about?
The High Court declined to entertain a writ petition challenging the initiation of proceedings under Section 13(4) of the SARFAESI Act, 2002. The court held that the petitioner has a statutory remedy available and must apply for the subsidy scheme according to law. Remedies were kept open.
What did the court decide?
The petition is rejected. The remedies of the petitioner are expressly kept open.