Elavarasi Jayakanth v. the Branch Manager
Case brief
What is this about?
A banker's petition challenging recovery proceedings against a housing loan and overdraft defaulting borrower. The High Court granted a time limit of three months to discharge the liability, directing abeyance of coercive action for that period.
What did the court decide?
The Bank was directed to keep coercive action in abeyance for three months. The petitioner was directed to discharge his entire liability within that period.