Ms Kashmir Apple Traders v. Jammu and Kashmir Bank Limited
Case brief
What is this about?
The applicant challenged a Section 13(4) SARFAESI notice. The bank filed a statement at the bar indicating no action is being taken under SARFAESI proceedings. The applicant sought to withdraw the application but was granted liberty to file a fresh one if coercive action is taken. The Single Judge disposed of the SA.
What did the court decide?
Application disposed of; liberty granted to file fresh SA if bank takes coercive action.