The High Court of Bombay disposed of a bail writ petition concerning an enforcement notice under the SARFAESI Act. The court granted liberty to petitioners to represent willingness to settle.
Writ petition disposed of with liberty to petitioners to make representations to the respondent bank.
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7-wpl-2506-16.doc
Ladda(PS).
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
WRIT PETITION (Lodging) NO. 2506 of 2016.
M/s Pride Enterprises and 2 others ..Petitioners. vs
Indian Overseas Bank
..Respondent.
Mr.Abhinav Chandrachud a/with Mr Prasad Kumar Das I/by Das Associates for the Petitioners.
Mr Rohit Gupta I/by Ms Noor Ilyas the Respondent.
CORAM : ANOOP V. MOHTA AND A.S.GADKARI, JJ. DATE : 6th December, 2016
ORDER :
Heard the learned counsel for the parties. As the demand notice under section 13 (2) of the SARFAESI Act, 2002 has been issued to the petitioners on 12th September, 2016 and the petitioners are willing to settle the matter and they have also submitted a cheque for settlement. In view of this, in the interest of justice, we are inclined to dispose if this petition with liberty to the petitioners to make representation within a period of two weeks to the respondent-bank. The respondent to consider the said objection/representation in accordance with law. The writ petition is disposed of with liberty.
(ANOOP V. MOHTA,J)
1 /1
1 provisions across 1 enactments
M/s Pride Enterprises
2 others
Indian Overseas Bank
Anoop V. Mohta
A.S. Gadkari
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
