Sh Ganpati Lal Bhati v. Piramal Finance Limited
Case brief
What is this about?
In these dispossession proceedings, the applicant challenged the notice under Section 13(2) alleging inconsistency with the CERSAI charge and denial of security interest. The respondent admitted errors in the CERSAI charge. With mutual consent, the tribunal quashed the securitization proceedings and directed the return of physical possession within one week. Pending applications were disposed of with costs forbearance.
What did the court decide?
Proceedings quashed; physical possession to be handed back within one week; respondent to modify CERSAI charge; applicant not to be debited for expenses.