Dismissed
Mohd Haider v. Punjab and Sind Bank
DRTSA/1070/2023
Case brief
AI extract
What is this about?
The Debt Recovery Tribunal dismissed two securitization applications challenging a sale notice and demand notice under Section 14 of the SARFAESI Act. The court held that issuance of possession orders is ministerial, the alleged procedural gap in notice service did not cause material prejudice, and no fraud was established to set aside the confirmed sale.
What did the court decide?
Both securitization applications were dismissed with no writ pending as the same file is closed in the record room. No relief was granted to the applicants.