Neeru Devi v. The State Bank Of India and Ors.
Case brief
What is this about?
Petitioner in cheque recovery matter deposited advertised amount and agreed to pay remaining dues including interest and expenses as per SARFAESI Act to Chief Manager who will calculate total dues.
What did the court decide?
Petitioner directed to approach Chief Manager for calculation of dues; undertaking to pay debts will prevent further coercive steps including auction barred till 26th December 2013.