Banwari Lal Gupta and Anr. v. Central Bank of India
Case brief
What is this about?
The Punjab and Haryana High Court dismissed a writ petition challenging notices under Sections 13(2) and 13(4) of the SARFAESI Act. The court held that the challenge must be withdrawn because an appeal lies against the possession notice under Section 17(1) of the Act to the Debts Recovery Tribunal.
What did the court decide?
The writ petition was dismissed; petitioners directed to avail statutory remedy under Section 17(1) of the SARFAESI Act.