Suresh Industries v. Axis Bank Limited
Case brief
What is this about?
Keywords: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (statute title recovered by decoding corrupted text); physical possession of secured asset; Court Commissioner; Magistrate; Trial Court / Principal Senior Civil Judge; borrower; non-performing asset; notice not issued; statutory remedy / application before tribunal; one-time settlement proposal; writ petition dismissed with reserved liberty; High Court of Karnataka. CAUTION: the source text is severely corrupted by character substitution; substance was recovered by decoding a consistent cipher cross-verified across numerous words, and all evidence quotes preserve the corrupted glyphs verbatim. Section numerals, case number, dates, coram/judge names, party names, advocate names and the cited Apex Court citation could not be reliably recovered and are omitted/null. Verify against an intact copy before citing in court.