Disposed¶¶37
Mrs. Rathanmma v. M/S Equitas Small Finance Bank Limited
Karnataka HCWP/14680/2022
Case brief
AI extract
What is this about?
SARFAESI Act 2002 statutory alternative remedy; writ petition disposed of; Equitas Small Finance Bank loan restructuring; instalments increased from 120 to 151; Annexure-B dated 05.11.2020; Articles 226 and 227 Constitution of India; Karnataka High Court Bengaluru; Justice M.G.S. Kamal; WP No. 14680 of 2022 (GM-RES); limitation exemption 30 days certified copy; borrowers versus bank; sole arbitrator P H Vinod Pandian; none appeared for petitioners.
What did the court decide?
Liberty reserved to the petitioners to avail the statutory alternative remedy under the SARFAESI Act, 2002; time consumed in prosecuting the petition exempted for the purpose of limitation if steps are initiated within 30 days from the date of receipt of certified copy of the order. ¶¶37