Mr. S. Nagesha Babu v. M/S. Bank of Baroda
Case brief
What is this about?
The Karnataka High Court dismissed a writ petition filed by a tenant on an expired lease against a bank and borrower. Due to the lack of a clear timeline for vacating the premises in the petitioner's affidavit, the court terminated these proceedings, allowing the petitioner to approach the Debts Recovery Tribunal under Section 17(4A) of the SARFAESI Act.
What did the court decide?
Proceedings terminated; petitioner permitted to approach Debts Recovery Tribunal under Section 17(4A) of SARFAESI Act; interim order continued for 3 weeks.