Sri Abdul Khader v. Sadath Ali Siddiqui
Case brief
What is this about?
Writ petitions challenging an order under Section 14 of the SARFAESI Act were disposed of. The court held that an alternate remedy under Section 17 exists and granted a three-week respite to petitioners to avail it, restraining the respondent Bank from precipitatory action during this period.
What did the court decide?
Liberty granted to petitioners to avail alternate remedy under Section 17 within three weeks; interim stay on precipitatory action by Respondent Bank.