Shrinivas Kashinath Lapalikar v. Reserve Bank of India
Case brief
What is this about?
Writ Petition No. 5238 of 2024 | High Court of Judicature at Bombay (Ordinary Original Civil Jurisdiction) | Shrinivas Kashinath Lapalikar v. Reserve Bank of India and another | maintainability of writ petition against Section 13(2) notice under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 issued by respondent no.2, a non-banking company | reliance on Supreme Court judgment in Special Leave Petition (C) Nos. 25252627 of 2025 dated 24/01/2025, S. Shobha vs. Muthoot Finance Ltd. | liberty to approach Debts Recovery Tribunal under Section 13(4) | disposed of as not entertained | all points on merits kept open | decided 3 February 2025 | Coram: A. S. Chandurkar and M. M. Sathaye, JJ.
What did the court decide?
Writ petition disposed of as not entertained, with liberty to the petitioner to approach the Debts Recovery Tribunal on steps being taken under Section 13(4) of the Act, 2002; all points on merits kept open.