Disposed
Smt. Gayathri v. Union Bank of India
Karnataka HCWP/15071/2022
Case brief
AI extract
What is this about?
The High Court of Karnataka disposed of a writ petition challenging a SARFAESI Act notice under Section 13(2). The Court granted an undertaking from the petitioner to pay 10% of the outstanding within two weeks and the remainder within three months, instead of quashing the notice, allowing the bank to take possession if payment defaults.
What did the court decide?
Petitioner undertook to pay 10% of outstanding within two weeks and remaining in three months; notice quashed; jurisdictional police to assist bank in possession upon default.