Allowed
Mr. Sanganagouda B Patil v. Axis Bank
Karnataka HCWP/1490/2024
Case brief
AI extract
What is this about?
This Writ Petition sought to quash a possession notice issued by Axis Bank. The High Court deemed an equally efficacious alternative remedy to be available under the SARFAESI Act. Consequently, the petition was disposed of in favour of the petitioner, directing them to approach the Debt Recovery Tribunal within six weeks to claim the benefit of the Limitation Act.
What did the court decide?
Petition disposed of; liberty to approach Debt Recovery Tribunal under Section 17 SARFAESI Act within six weeks to claim benefit of Section 14 Limitation Act.