G Ramesh v. Union Bank of India
Case brief
What is this about?
A Debt Recovery Tribunal dismissed an application challenging a bank’s possession notice. The court held an unregistered lease for ten years is invalid under Sec 107 of Transfer of Property Act, and as a secured creditor, the bank had valid rights under SARFAESI Act.
What did the court decide?
Securitization Application dismissed; Interlocutory Applications if any, to stand closed.