Ims (Institute of Mathematical Sciences) & Ors. v. Sammaan Finserve Limited (Formely Known as Indianbulls Commercial Credit Limit)
Case brief
What is this about?
Delhi High Court order dated 06.04.2026 by Justice Jasmeet Singh in W.P.(C) 2711/2026, IMS (Institute of Mathematical Sciences) & Ors. v. Sammaan Finserve Limited (formerly IndianBulls Commercial Credit Limit). Respondent's Section 151 CPC application (CM APPL. 21280/2026) to withdraw its Section 13(2) SARFAESI notice dated 17.06.2025 with liberty to reissue was allowed; writ petition disposed as infructuous; maintainability of the writ petition left unadjudicated. Keywords: SARFAESI, Section 13(2) notice withdrawal, Section 151 CPC, writ petition infructuous, securitisation, demand notice, liberty to issue fresh notice.
What did the court decide?
Liberty granted to the respondent to withdraw the SARFAESI Section 13(2) notice dated 17.06.2025 and issue a fresh notice in accordance with law; consequently the writ petition is disposed of as infructuous.