Disposed
Shri. Madangopal Ramniwas Agarwal and Anr. v. the Authorised Officer, Hdb Financial Services Ltd. and Anr.
Bombay HCWP/8417/2018
Case brief
AI extract
What is this about?
Petitioners challenged an order leading to attachment of their secured asset, offering payment to demonstrate bonafides. The court held that the alternative remedy renders the writ inappropriate. However, it directed the respondents to defer possession for four weeks to facilitate the proposed appeal and waiver application.
What did the court decide?
Rejection of writ petition; Respondents to defer possession of secured asset for 4 weeks from the date of the order.