Dismissed
Prayag Polytech Private Limited and Others v. Canara Bank
DRTSA/126/2024
Case brief
AI extract
What is this about?
In a sale proceeds application under the SARFAESI Act, the court held that the application becomes infructuous when the respondent bank withdraws the statutory notice under Section 13(2). The matter was disposed of accordingly without requiring an affidavit.
What did the court decide?
The sale proceeds application (SA) is disposed of as infructuous due to the withdrawal of the notice under Section 13(2) of the SARFAESI Act by the respondent bank.