Suharabi, v. State of Kerala
Case brief
What is this about?
Joint writ petitions challenging recovery proceedings by a bank under the SARFAESI Act. The Court directed the petitioners to pay the entire due amount by 30.06.2023. Pending such payment, possession proceedings are stayed. If payment is not made by the deadline, recovery proceedings resume.
What did the court decide?
Directed petitioners to pay entire liability to the 4th respondent Bank by 30.06.2023. Stayed further possession proceedings. Allowed respondents to continue recovery proceedings if payment is not mad