Ss Car Bazar and Financial Srvices v. Shri Ram Finance Ltd.
Case brief
What is this about?
The Presiding Officer disposed of a securitization application where the applicant claimed full payment. The respondent bank sought verification of a payment mismatch. The court directed the bank to restore possession and issue a No Dues Certificate after verification, disposing the application.
What did the court decide?
Respondent bank directed to restore possession and issue No Dues Certificate to the applicant/borrower after verification of payment facts.