Disposed
Krishna Prasad v. The State Bank Of India
Patna HCCWJC/16270/2013
Case brief
AI extract
What is this about?
The Patna High Court disposed of a writ petition filed by a bank customer who expressed readiness to liquidate dues with updated interest. The court granted liberty to the petitioner to approach the bank for a current statement of dues and provide an undertaking for payment, which, if accepted by the bank, would halt further SARFAESI proceedings temporarily.
What did the court decide?
Liberty to approach the bank for updated dues calculation and furnish an undertaking for payment; bank to refrain from SARFAESI proceedings if undertaking is accepted.