Shri Anand Kumar v. Authorized Officer/Asst. General Manager, Indian Bank
Case brief
What is this about?
Coordinate bench granted liberty to petitioners to challenge District Magistrate's order under SARFAESI Act Section 14(1) before DRT, staying coercive steps for two weeks based on Supreme Court precedent Kotak Mahindra. Three writ petitions disposed accordingly.
What did the court decide?
Liberty given to challenge impugned order before DRT; coercive steps stayed for two weeks; writs disposed.