Sri Laxmi Narasimha Filling Station Others v. Union Bank of India
Case brief
What is this about?
Debts Recovery Tribunal at Hyderabad entertained an application by M/s. Sri. Laxmi Narasimha Filling Station after the Respondent Bank withdrew SARFAESI proceedings. The Tribunal construed the surviving matter under SARFAESI, permitting adjudication and directing the applicant to bear its own costs.
What did the court decide?
Application admitted and allowed; Applicant directed to bear own costs.