Champalal Bherulal Jain Prop Zankar Palace v. The Malkapur Urban Co-Op Bank Ltd.
Case brief
What is this about?
The Tribunal disposed of the Securitisation Application No. 136/2022. It granted liberty to the applicant to revive the application if the respondent bank proceeds ahead. The bank was directed to issue 15 days' notice before taking possession of the property.
What did the court decide?
Application disposed off with liberty to revive if respondent bank proceeds; respondent bank directed to issue 15 days' notice before possession.