Punjab National Bank v. M/S Royaal Infrastructure and 5 Ors.
Case brief
What is this about?
In a writ petition under Article 226 of the Constitution, the Gauhati High Court disposed of the petition by directing the petitioning Bank to approach the Detailed Magistrate as per a letter to seek physical possession of a secured asset under the SARFAESI Act.
What did the court decide?
Direction to the petitioner Bank to approach the Detailed Magistrate for taking over and handing over physical possession of the secured asset within one week.