Shivani Kalia and Anr. v. Bank of Baroda and Anr.
Case brief
What is this about?
Keywords: SARFAESI; Article 226 writ; alternate remedy DRT DRAT; Section 14 proceedings; Section 13(2) notice; NPA declaration w.e.f. 24.01.2020; retrospective NPA legality declined; conditional interim stay breached; Rs.57 Lakhs three installments; equity jurisdiction not for defaulting borrowers; SA No.81 of 2022 dismissed as withdrawn; order dated 20.09.2022; liberty to appeal before DRAT; Bank of Baroda; Shivani Kalia; Punjab and Haryana HC; CWP-21186-2022; disposed without merits. Single oral opinion of the Chief Justice; no dissent; no named precedents cited.
What did the court decide?
No substantive relief; petition disposed of without merits. Liberty alone preserved for the petitioners to assail the order dated 20.09.2022 (SA No.81 of 2022 dismissed as withdrawn) before the DRAT in accordance with law; interim protection already lost owing to admitted non-compliance with the Rs.57 Lakhs installment condition.