Braj Mohan Saini v. Wonder Home Finance Limited
Case brief
What is this about?
In a Securitization Application, the Tribunal upheld that the application was infructuous because the applicant's account stood regularized. The respondent bank stated it could provide the outstanding amount within a week, rendering the notice under Section 13(2) invalid.
What did the court decide?
Securitization Application dismissed as infructuous due to regularization of the account.