Quashed
Suganan.K.K v. the Kottayam District Co-Operative Bank Ltd.
Kerala HCWP(C)/23497/2018
Case brief
AI extract
What is this about?
The High Court set aside a notice issued under Section 13 of the SARFAESI Act by the Respondent Bank in recovery proceedings. The court reserved the right for the bank to proceed with appropriate recovery steps in terms of the statutory mandate pending resolution of the liability issue.
What did the court decide?
Set aside the notice issued under Section 13 of the SARFAESI Act, leaving it open for the bank to proceed with recovery in terms of the statutory mandate.