Allowed
mumtaj v. dharmavaramxooperativetown
DRTSA/3/2024
Case brief
AI extract
What is this about?
The Debts Recovery Tribunal-II, Hyderabad allowed a Securitization Application filed to set aside a possession notice issued by the respondent bank under the SARFAESI Act, 2002. The applicant contended that the bank failed to serve mandatory demand and possession notices. Since the respondent did not file a counter-reply or argue against these claims, the court deemed the contentions unchallenged
What did the court decide?
Set aside the possession notice dated 21.11.2023 issued under Section 13(4) of the Act in respect of SA schedule property.