Pritesh Champalal Jain v. The Malkapur Urban Co-Op Bank Ltd.
Case brief
What is this about?
The Debts Recovery Tribunal disposed of the securitisation application, granting liberty to the applicant to revive the same if the respondent bank proceeds ahead. The bank was directed to issue a 15-day notice before taking possession.
What did the court decide?
Liberty to applicant to revive application if respondent bank proceeds; respondent bank to issue 15 days notice before possession.