Usha Rani v. State Bank of India
Case brief
What is this about?
As per the Appellant, she purchased a secured asset from a borrower in 2013. Following dismissal of prior civil suit and appeal, the Appellant filed a Securitization Application under the SARFAESI Act against the State Bank of India. The court found the Appellant's rights to be subject to the bank's mortgagee rights.
What did the court decide?
Application dismissed; all pending Interlocutory Applications disposed of.