Neeraj Kumar Chelani v. the Icici Bank
Case brief
What is this about?
Single judge order in a writ petition challenging auction of gold ornaments pledged for a loan. Court directed petitioner to deposit Rs. 3,00,000 and offer payment plan to regain protection from auction.
What did the court decide?
Direction to deposit Rs. 3,00,000 and offer payment plan within two months; bank to consider request to safeguard gold ornaments.