Allowed
Shardha Saburi Educational v. the Citizens Urban Co. Operative Bank Ltd.
DRTSA/212/2023
Case brief
AI extract
What is this about?
A Special Appeal before the Debts Recovery Tribunal, Chandigarh, was allowed. The applicant challenged the lack of Section 13(2) notice and CERSAI registration. The court held the appeal allowable but clarified the order does not preclude future SARFAESI action by the bank.
What did the court decide?
The Special Appeal was allowed; all pending Interim Applications disposed of; consent to not challenge existing property sale recorded in order.