Disposed
Shri Purshottam Techwani v. Axis Bank
DRTSA/389/2022
Case brief
AI extract
What is this about?
This order disposes of a Special Appeal arising from a demand notice and possession proceedings under the SARFAESI Act. Upon confirmation that the Respondent Bank has withdrawn the demand notice and related proceedings, the court held that no cause of action survives. Relief was granted to delete charged amounts and liberty to file an aggrieved application was granted subject to time limits.
What did the court decide?
Disposal of S.A. as infructuous; liberty to file fresh application; Respondent Bank directed to delete charges debited to applicants.