Disposed
M/S Usha Educational Foundation v. the Authorized Officer
Karnataka HCWP/1956/2024
Case brief
AI extract
What is this about?
This bench disposed of two writ petitions challenging possession notices issued under Section 13(4) of the SARFAESI Act. The court held that the petitions became infructuous as the respective accounts were regularized and settled with the bank, leading to the quashing of the notices.
What did the court decide?
The writ petitions were disposed of as having become infructuous; the impugned possession notices were quashed.