Partly allowed
Neetu Singh and Ors. v. State Bank of India
DRTSA/982/2025
Case brief
AI extract
What is this about?
In this matter, the DRT addressed challenges regarding notices issued under the SARFAESI Act. The court quashed the bank's possession notice due to procedural defects and deemed earlier notices superseded. Consequently, the bank was directed to proceed afresh under Section 13(4), and the applicant was allowed to file a fresh Securitization Application to challenge future notices. The current Securitization Application was dismissed.
What did the court decide?
Possession notice quashed; bank at liberty to proceed afresh under Section 13(4); applicant may file fresh Securitization Application; current application dismissed.