Shree Sharda Industries Pvt. Ltd. through Its Director Mr. Sanjay Jhunjhunwala v. the State of Maharashtra through the Govt. Pleader and Ors.
Case brief
What is this about?
The Bombay High Court disposed of Writ Petition No. 1242 of 2015 filed by Sharda Industries Pvt. Ltd. against an order under Section 14 of the SARFAESI Act, 2002. The court held that an alternate remedy exists and ruled the petition pending in light of One Time Settlement proceedings.
What did the court decide?
Protection against possession extended for three weeks; liberty granted to apply for appropriate orders; petition disposed of.