Dismissed
Kundan Lal v. Punjab National Bank and Anr.
Punjab & Haryana HCCWP/1388/2009
Case brief
AI extract
What is this about?
The High Court at Chandigarh dismissed a writ petition filed by Kundan Lal seeking directions to the Respondent Bank to accept loan arrears in installments. The Court held that no case for issuing such directions existed as the petitioner failed to comply with a previous undertaking by not depositing the agreed installments.
What did the court decide?
The prayer for directions to accept the loan arrears in installments and the stay under Section 13(4) of the SARFAESI Act were dismissed.